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Uncertainty keeping the yellow supported – GOLD Market Outlook – 01/12/2020

SquaredFinancial

Gold crawled higher, making its way towards our long entry resistance target at 1790, supported by comments out of Fed Chair Powell who warned that significant challenges and uncertainties remain despite vaccine progress. Manufacturing data in focus today, with further upside favorable on an hourly break above 1790, targeting 1800 and 1815 resistance levels.

Support: 1760/ 1740
Resistance: 1790/ 1800

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/uncertainty-keeping-the-yellow-supported-gold-market-outlook-01-12-2020
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