Gold spot (XAU/USD) recovers some ground after slipìng below the $1800 mark on Friday, on higher US Treasury yields, which during the session are sliding, thus lifting the prospects of the non-yielding metal. XAU/USD is trading almost flat, around $1811.02 a troy ounce at the time of writing...
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As expected in our previous week’s GOLD technical analysis, price consolidation and ranged trading was seen within the 1382 and 1434 levels. Our last week’s recommendation was to short GOLD above 1434 and BUY on reversal from 1385. The BUY side of the recommendation was triggered and enabled...
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