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XAUUSD - Settles Around $1470 as Markets Consider Fed’s Next Move

 

 
In the last few days gold has moved a little higher however it remains in a narrow range trading roughly between $1460 and $1470, where it has spent the best part of the last few weeks. It has spent this time consolidating after dropping sharply back through the key $1500 level to a three month low below $1450. For the prior two months gold had settled around the current key $1500 level, moving back and forth around this level, seemingly content to not move anywhere else, so the recent move lower could be significant. Now that gold has broken lower through $1500, it may start to meet resistance at this level should it rally higher.
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Valutrades Market Blast Technicals :: 3 December 2019

Welcome to this week’s Market Blast Technicals where we will look at Gold (XAUUSD), EURUSD, GBPUSD, EURGBP, the NASDAQ (US100), WTI (US Oil), CADJPY and USDCAD.

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Valutrades Market Blast Fundamentals 25 November 2019

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Market Recap: 18 - 22 November

 

 
On Tuesday last week we covered the AUDUSD which continued to decline steadily lower towards the key 0.6750 level. In fact, in the last three weeks the AUDUSD has steadily but surely eased away from a three month high above 0.69 and moved back down below the key 0.6850 level, into its popular range between 0.6750 and 0.6850. Leading up to the three month high, the AUDUSD had been slowly moving higher achieving higher peaks and troughs to rally off its ten year low around 0.6670 reached earlier last month.
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XAUUSD - Settles Around $1470 after Fed Minutes

 

 
In the last week or so gold has slowly edged higher back around $1470 after dropping sharply back through the key $1500 level to a three month low below $1450. For the last two months gold has settled around the current key $1500 level, moving back and forth around this level, seemingly content to not move anywhere else, so the recent move lower could be significant. In the first week of September 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, or thereabouts up until three weeks ago.
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Valutrades Market Blast Technicals 12 November 2019

Welcome to this week’s Market Blast Technicals where we will look at AUDUSD, FTSE100, US Oil (WTI), USDJPY and Gold (XAUUSD).

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Valutrades Market Blast Fundamentals 11 November 2019

Welcome to this week’s Market Blast Fundamentals where we will look at GBPUSD, EURUSD, NZDUSD, and Gold (XAUUSD).

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Market Recap: 4 - 8 November

 

 
On Tuesday last week we covered the AUDUSD which continued to ease lower through the week before dropping sharply close out the week moving back to the key 0.6850 level. The AUDUSD had been easing away from a three month high above 0.69 after reversing and surging higher through the key 0.6850. In the three or so weeks prior, it had been slowly moving higher achieving higher peaks and troughs to rally off its ten year low around 0.6670 reached earlier last month.
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XAUUSD - Settles Around $1500 as IMF Warns on Global Growth

 

 
In the last two months gold has settled around the current key $1500 level, moving back and forth around this level, seemingly content to not move anywhere else. In the first week of September 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, or thereabouts.
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Market Recap: 21 - 25 October

 

 
On Tuesday last week we covered the AUDUSD which spent the rest of the week easing back below the key 0.6850 level from its five week high achieved earlier in the week. In the two or so weeks prior, it had been slowly moving higher achieving higher peaks and troughs to rally off its ten year low around 0.6670. It met some resistance at the 0.6850 level again, as only a few weeks ago this level provided lots of selling pressure and turned the AUDUSD away forcing it down to the multi-year low.
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