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Gold Daily technical analysis with a strong break of the trend

From dailyforex.com

Risk appetite and the strength of the US dollar contributed to stronger losses for gold prices, which fell to the $1465 support, down from the $1500 psychological resistance, with a loss of 35 dollars in one trading session. In the last three trading sessions last week, the price of the yellow metal fell from the $1535 resistance level to the $1487 support. The latest performance has broken a strong upward trend in gold which dominated the performance for two months in a row. Investors have temporarily abandoned gold amid fresh optimism that the two sides of the global trade war will return to the negotiating table ... (full story)

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  • Category: Technical Analysis