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> Gold June 25, 2018 Weekly Analysis
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Gold June 25, 2018 Weekly Analysis

Exclusive Capital Ltd.

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Gold was aggressively sold off with the next target now the 78.6% retracement at the 1263.80 and the 1264.00. In contrast, the market needs to overcome the 1306.20 levels, the 200 days Moving Average, thus ending the recent bearish pressures. Furthermore, the dispute related to Germany's government on the refugee policy resumes. The outcome of Turkey's election and the U.S. President threatening the EU with 20% tariff on auto imports are two main concerns that might increase global financial risk. All these factors treat Gold as safe haven.

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Exclusive Capital Ltd. Review

Source: https://www.exclusivecapital.com/gold-june-25-2018-weekly-analysis/
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