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12 Dec 2022

Gold Price Forecast: XAU/USD could resume the upside above the $1,800 mark

Gold price is dropping for the first time in five trading days on Monday. Here you can find XAU/USD’s technical analysis by FXstreet’s Dhwani Mehta.

Gold sets off the week on a wrong footing

“Gold is below the 200-Daily Moving Average (DMA) at $1,791, with bears eyeing Thursday’s low at $1,781 as the next downside target. Further south, the moderately bullish 21DMA support at $1,768 could come into play.”  

“On the upside, the immediate resistance is seen at the 200DMA, above which buyers will yearn for a sustained move beyond the $1,800 threshold. Gold price will then see fresh buying opportunities for a test of Friday’s high at $1,806.”

 

Dec 12, 2022

USD/JPY eyes establishment above 137.00 as anxiety soars ahead of Federal Reserve policy

USD/JPY is hovering around the critical hurdle of 137.00 in the early European session. The asset is aiming to shift its business profile above the af
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Dec 12, 2022

United Kingdom Gross Domestic Product (MoM) above expectations (-0.1%) in October: Actual (0.5%)

United Kingdom Gross Domestic Product (MoM) above expectations (-0.1%) in October: Actual (0.5%)
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