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Gold closed sharply lower on Wednesday and the low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near term. If it renews this month's decline, monthly support crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a short term low has been posted.
Gold prices surged to an all-time high of $2,940 per ounce last Thursday, pushing its market cap above $20 trillion for the first time ever, as trade tensions between the U.S. and...
Gold stabilised around 2,940 USD per troy ounce on Tuesday, remaining close to record highs. The metal continues to benefit from strong demand for safe-haven assets amid growing...
Gold moves with weak momentum Remains near 2,950 RSI and MACD look overbought Gold has been fighting with 2,945-2,956 restrictive region, which encapsulates the 161.8% Fibonacci...
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