Gold, the Chart of the Week: XAU/USD broke the mold but bulls are moving in – by fx_ross Gold Commodities XAUUSD DollarIndex
The US dollar is showing signs of topping out in the monthly supply area. retracement and has left two daily dojis on the charts but a stronger than expected US Services ISM and a solid US Labor report have seen the market add 14bp to end-2022 Fed Funds pricing.in charge and will keep pressure on gold which hovers above a fresh nine-month low as investors continue to slash their holding of the precious metal.
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