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Bulls attempt to boost price towards $2000 – GOLD Market Outlook – 17/08/2020

SquaredFinancial

Lackluster end of the week for the yellow metal, closing in the red while finding support above 1930 in today’s session as an ongoing stalemate in Washington, delayed U.S-China trade talks, and a rise in infections should keep the metal bid with 1960 and 1980 as the next resistance targets.

Support: 1945 / 1920
Resistance: 1960 / 1980

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/bulls-attempt-to-boost-price-towards-2000-gold-market-outlook-17-08-2020
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