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Technical Analysis: Gold clears five-month-old resistance line, eyes $1965

Having battled with 100-day SMA during the end of 2020, gold prices kick-start 2021 on a positive front while crossing a multi-day-old hurdle. Although overbought RSI conditions may challenge the bull

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Technical Analysis: Gold teases monthly support line following failures to cross $1,900

Gold trades defensive despite the US dollar gauge’s (DXY) slump to the fresh low since April 2018. The yellow metal’s repeated failures to cross $1,900, not to forget 61.8% Fibonacci retra

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Technical Analysis: AUDUSD buyers can ignore Monday’s bearish spinning top

With the US House backing President Donald Trump’s demand for a $2,000 paycheck, AUDUSD remains positive amid a risk-on mood. The pair failed to justify Trump's signing of the coronavirus (COVID

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Technical Analysis: GBPUSD bulls eye another confrontation with 1.3618/24 resistance area

Despite recently easing from 1.3575, GBPUSD stays above a one-week-old ascending trend line amid bullish MACD. On the fundamental side, the passage of the Brexit deal and US coronavirus (COVID-19) sti

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Technical Analysis: Bullish flag on weekly chart favors gold buyers

Although gold prices paid a little heed to the Brexit deal announcement and the US stimulus news, bullish flag formation on the weekly play as well as the metal’s sustained trading above 50-SMA

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