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Gold: Moves on Headlines

From dailyforex.com

The gold market exhibited strength as it opened on Monday, gapping to the upside and signaling potential bullish momentum. However, it's crucial to recognize that gold's movements are largely driven by geopolitical events. Consequently, it can swiftly change course unexpectedly. To navigate this market effectively, focus on managing your position size to avoid overexposure. After all, we could continue to see rapid moves in the news flow that could cause major moves. The uncertainty in the Middle East will continue to be a major driver of what happens in this market.At present, it's evident that buyers are in ... (full story)

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  • Category: Technical Analysis