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> Gold could pullback in the short-term – GOLD Market Outlook – 07/07/2020
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Gold could pullback in the short-term – GOLD Market Outlook – 07/07/2020

SquaredFinancial

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The yellow metal edged higher, breaching our resistance now turned support level at 1780, despite a global rally in stock indexes and better than expected US PMI data, as investors remain concerned over rising Covid-19 infections. Looking ahead, stronger than expected JOLTs Job Openings data could keep higher prints under pressure as the bullion trades between our 1780/ 1790 support/resistance.

Support: 1780 / 1773.50
Resistance: 1790 / 1800

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/gold-could-pullback-in-the-short-term-gold-market-outlook-07-07-2020
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