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Gold Analysis: When Can Gold Be Bought Again?

From dailyforex.com

Gold prices fell to their lowest level in two weeks, with losses extending to the $3295 per ounce support level before settling around $3325 per ounce at the time of writing. According to performance across gold trading platforms, selling pressure on the yellow metal increased as financial markets assessed the sustainability of the ceasefire between Iran and Israel. Tehran and Tel Aviv had agreed to a temporary ceasefire after exchanging strikes since last week. However, reports of fresh missile launch, and strike orders raised scepticism about the truce's validity and fuelled concerns that the conflict would soon ... (full story)

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  • Category: Technical Analysis