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Gold Inches Higher on Weaker Dollar

From dailyforex.com

Gold prices ended Monday’s session up $7.11 an ounce, helped by a weaker dollar, but the precious metal turned negative early on Tuesday after U.S. President Donald Trump announced a new round of tariffs on about $200 billion worth of Chinese imports. Trump also warned that the administration will pursue more tariffs if China takes retaliatory action against U.S. farmers and industries. XAU/USD pulled back to the Ichimoku cloud on the H4 chart after prices failed to breach the resistance in the 1204/3 area. The market is trading below the weekly and the daily Ichimoku clouds, suggesting that the bears have the ... (full story)

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  • Category: Technical Analysis