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Gold Technical Analysis: Where Will Gains Reach?

From dailyforex.com

Gold price received the meetings of international central banks (the Bank of Japan, the Bank of England and the US Federal Reserve), with a gain of 1% at the beginning of this week's trading. Accordingly, gold prices moved towards $1963 an ounce before stabilizing around $1955 at the time of writing. Gold prices have also received support from the weak US dollar, which is driven by expectations that the US government will soon approve another billions of dollars in stimulus and relief package to counter the consequences of the COVID-19 pandemic. In general, the yellow metal recorded tepid weekly gains last week, ... (full story)

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