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Gold Drops $40 to Break $2K!

Name: Gold Drops $40 to Break $2K!
Uploaded: 2024-02-14
Channel: David Kindley
Description: The yellow metal continues to lick its wounds as CPI data drove prices lower.As the dollar pushed higher, gold witnessed a $40 sell-off.With the $2,000 level broken for the first time in 2 months, will the bear trend continue?TimestampsXAUUSD 01:20DX

VideoTechnical Analysis

By David Kindley On Feb 14, 2024

The yellow metal continues to lick its wounds as CPI data drove prices lower.

As the dollar pushed higher, gold witnessed a $40 sell-off.

With the $2,000 level broken for the first time in 2 months, will the bear trend continue?

Timestamps

XAUUSD 01:20
DXY 03:00

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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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