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Gold Drops $30 as Oil Breaks $80

Name: Gold Drops $30 as Oil Breaks $80
Uploaded: 2023-11-07
Channel: David Kindley
Description: The greenback’s recovery pressured gold as the sell-off continued.With the yellow metal testing the $1970 region, could we see a full reversal?Oil is also in a bear market after cracking $80 for the first time since August. TimestampsXAUUSD 01:2

VideoTechnical Analysis

By David Kindley On Nov 7, 2023

The greenback’s recovery pressured gold as the sell-off continued.

With the yellow metal testing the $1970 region, could we see a full reversal?

Oil is also in a bear market after cracking $80 for the first time since August.

Timestamps

XAUUSD 01:25

WTI 02:55

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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