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Gold Price Prediction – Gold Rebounds on Brexit

From fxempire.com

Gold prices moved higher on Tuesday, rallying as the Euro gained traction. News that a modified Brexit deal failed to pass through the UK pariliament, lifted the Euro but whipsawed the pound. The dollar was unchanged, as yields moved lower paving the way for higher gold prices. US yields moved lower despite a stronger than expected US CPI report. Most of the focus of the currency markets on Tuesday was Brexit. Technical Analysis Gold prices moved higher on Tuesday pushing up above the 10-day moving average which was prior resistance seen near 1,296. New resistance levels are seen near the 50-day moving average at ... (full story)

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  • Category: Fundamental Analysis