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Forex Forums | ForexLasers.com |
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#1
19-10-2022, 09:09
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XAU/USD ANALYSIS
Looking at the XAU/USD pair 1 hour, it is noticeable that it is gaining some pips at the price level of 1641.45 Should there be a continuous appreciation in the price, the next resistance level will be 1650.00 with the next support level at 1641.00.
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#2
19-10-2022, 10:00
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Re: XAU/USD ANALYSIS
Higher Federal Reserve rates means gold is doomed to stay under heavy pressure as traders will be looking opportunities in US bonds which offer good real return now. My next target is 1600, continue to hold small short position at Hotforex.
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