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Gold Technical Analysis: Important Day Ahead for Gold

From dailyforex.com

XAU/USD gold futures recorded small gains yesterday, rebounding to the $1750 level, recovering from a decline towards the $1732 level. In the same performance, silver, the sister commodity to gold, topped the $21 an ounce level on Tuesday. Accordingly, the white metal is on track to achieve a monthly gain of around 10%. So far this year 2022, the price of the white metal has fallen by nearly 10%. Gold and silver prices are trying to range bound now that the US dollar has stalled after peaking earlier this month. The US Dollar Index (DXY), which tracks the greenback's performance against a basket of major currencies, ... (full story)

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  • Category: Technical Analysis