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Pairs in Focus - Gold, Silver, DAX, EUR/USD, USD/MXN, USD/CHF, USD/JPY
Gold markets initially fell during the course of the week but then turned around to show signs of strength. Quite frankly, we still have a lot of noise out there when it comes to tariff wars, and when you look at the longer-term charts, it’s obvious that we have seen so much in the way of upward momentum that it only can go sideways for a while, working off some of the excess froth. Currently, we are trading in the middle of the overall consolidation range between $3200 on the bottom, and the $3500 level at the top. Silver has broken above a major resistance barrier in the form of $37.50, an area that has been ... (full story)