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XAUUSD - Settles Around $1500 as Fed Releases Minutes

In the last four weeks gold has settled around the current key $1500 level, moving back and forth around this level. Earlier last month gold fell sharply from its multi year highs above $1550 down back below the $1500 level however it has been well supported and it has kept its head about this key level. It was support from $1500 that allowed it to make a run and push higher to achieve a six year high above $1550 before the recent drop down to $1500. 

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Valutrades Market Blast Technicals 8 October 2019

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Valutrades Market Blast Technicals 1 October 2019

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Market Recap: 23 - 27 September

 

 
On Tuesday last week we covered the AUDUSD which spent the rest of the week resting on support at 0.6750. In the last week or so the AUDUSD fell sharply back down to the key 0.6750 level, after having previously consolidated well right above 0.6850 after it surged to its highest levels in one month back above this key level. The 0.6850 level had previously supported the currency pair through May and June. This recent surge was quite unexpected as the AUDUSD had been lingering down near 2019 lows looking poised to continue lower below 0.67, which it may still do.
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XAUUSD - Remains Well Supported at $1500 as IMF Warns on Trade Wars

 

 
In the last two weeks gold has found some support at the current key $1500 level which has held it up again in the last 24 hours after falling sharply. Only three weeks ago gold fell sharply from its multi year highs above $1550 down back below the $1500 level however it has been well supported and it has kept its head about this key level. It was support from $1500 that allowed it to make a run and push higher to achieve a six year high above $1550 before the recent drop down to $1500.
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Valutrades Market Blast Technicals 24 September 2019

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Valutrades Market Blast Technicals 17 September 2019

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Valutrades Market Blast Fundamentals 16 September 2019

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Market Recap: 9 - 13 September

 

 
On Tuesday last week we covered the AUDUSD which spent the rest of the week consolidating its recent push higher. In the last week or so, the AUDUSD surged to its highest levels in one month back above the key 0.6850 level which had previously supported the currency pair through May and June. This recent surge was quite unexpected as the AUDUSD had been lingering down near 2019 lows looking poised to continue lower below 0.67.
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XAUUSD - Retreats Back under $1500 as Focus Turns to Fed

 

 
In the last week gold has fallen sharply from its multi year highs above $1550 down back below the current key level of $1500. In the last month or so gold has enjoyed considerable support from $1500 which allowed it to push higher in the last two weeks to achieve a six year high above $1550 before the recent drop. Significantly, gold has just fallen below this level which has so ably supported it in the last month so it will be closely monitored to see if it can quickly move back above $1500 or if it starts to meet resistance at this level.
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