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Gold bulls on the run again as yields and the dollar fall again

From hmarkets.com

Consolidation has given way to renewed buying pressure. Falling yields and a falling dollar are driving the gold price higher. With the dollar on the brink of another breakdown, this could be set to propel gold higher once more. Decisive positive technical momentum is also now generating with this move. We look to use intraday weakness as a chance to buy. In the wake of the regional Fed survey, the New York Fed manufacturing (Empire State Manufacturing) we have seen major markets take on a shift in sentiment. The survey disappointed with a sharp downside surprise and now markets are pricing for the potential of a ... (full story)

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  • Category: Technical Analysis