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Daily Market Analysis 06.10.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1733.04 with take profit at 1741.02 Bearish Preference: Sell position is envisaged if price trades below 1716.58 with take profit at 1706.61 Fundamentals:No major fundamental  Comment: Earlier this week, U.S. job openings data suggesting that the labor market and economy were slowing as well as the Reserve Bank …

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Daily Market Analysis 04.07.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1815.38 with take profit at 1818.12 Bearish Preference: Sell position is envisaged if price trades below price 1804.51 with take profit at 1801.73 Fundamentals:US Bank Holiday  Comment:Gold was up on Monday morning in Asia as the U.S. dollar weakened on growth fears. In the U.S. and elsewhere, …

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