Forex Trading KinG
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#Gold
price consolidates around $1,990.00 as Israel-Palestine tensions continue to provide a cushion.
Gold price continued to consolidate after the US core PCE inflation reading remained in line with estimates.
US Yellen sees Treasury yields elevated on Fed’s “higher for longer” interest rates outlook.
Technical pair holding the ascending and horizontal support which may see next week also. No more correction phase now it's time to hit 2024$ and respectively 2050$ benchmark. Mentioned resistance zone is very important. This structure will only be valid untill price holding this support.
1600
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GBPAUD SELL 1.91100
TP 1.90900
TP 1.9060
SL 1.91600
2200
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GBPUSD BUY 1.21300
TP 1.21500
TP 1.21800
SL 1.20800
2300
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GBPNZD SELL 2.08280
TP 1.08080
TP 2.07780
SL .08800
2100
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