Forex Trading Library

Gold Drops $30 as $2K Becomes Resistance!

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Gold has fallen over $30 in the previous session as prices move away from the last psychological level.

The yellow metal now remains under pressure as PCE and GDP data will give the next signals.

So, is this simply a slight correction, or are we looking at a full reversal for the commodity?

XAUUSD 01:45
DXY 03:05

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