Gold July 19, 2018 Weekly Analysis

Thursday, 19/07/2018 | 08:03 GMT

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Gold depreciated around the $1220 per troy ounce this morning amid Fed Powell presenting an optimistic outlook for the United States leaving an open window for further gradual rate hike cycle. In contrast, in the scenario where the trade disputes between the U.S. and China escalate, and China's economy slows down, Gold might appreciate. Major support is found at the $1200, a psychological level, and resistance at the 1240.00 zone.

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Source: https://www.exclusivecapital.com/gold-july-19-2018-weekly-analysis/

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