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Gold forecast: Technical Tuesday – July 23, 2024
Gold bounced back after initially extending its losses at the start of this week, following last week’s drop. So far, the modest gains are nothing to get excited over, as the dollar index tries to hold steady in what so far has been a quiet week for macro calendar. The economic calendar will get busier as we transition to the second half of the week, but for now all the attention will be on upcoming technology earnings. Later in the week, we will have the release of global PMIs, US GDP and the Fed’s favourite inflation measure – core PCE price index – all of which having the potential to impact the short-term ... (full story)
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- Posted: Jul 23, 2024 1:36pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 244
