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US Dollar Price Action Setups: EUR/USD, USD/JPY, Gold

From forex.com

This week’s webinar started off with another short-term setup in gold. Last week, I looked at the 5k level in-play as short-term support and that led to a rally up to the $5100 level. That price was well-defended from sellers and ultimately led to a push back below the major psychological level, and today’s session saw price digging in support at $4856 which, so far, has held for a bounce up to $4900. In the webinar I explained the bigger picture backdrop around gold and why I retain a bullish outlook, longer-term. On a shorter-term basis, we’re still within the confines of consolidation but support can remain ... (full story)

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  • Category: Technical Analysis