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Gold: Movement in Narrow Ranges Heralds an Upcoming Strong Movement
According to the recent trading sessions, the price of gold is moving in narrow ranges, and this performance portends a strong upcoming movement in one of the two directions. The announcement of US inflation figures and a package of important British economic data, in addition to the course of global geopolitical tensions, may be all factors that may shape the next movement for the price of gold, which will stabilize around the level Resistance is $2023 per ounce at the time of writing the analysis. In the bond market, which moves the price of gold alongside the price level of the US dollar, yields were moving very ... (full story)