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Has Gold Found a Stopping Point?

August 15, 2022
by Joseph Jeffriess, Market Analyst

Welcome to Monday’s market update. The focus of today’s update video is on Gold. We are currently watching the selling that continues to develop today after buyers failed to carry on with Friday’s rally.

Buyers made a good attempt at clearing supply on Friday, but today’s has seen a reversal after USD strength and selling pressure came back into the market. In today’s video, we break down levels we are watching at a possible new level of resistance that has started to present. We are asking if buyers are out of juice and if these points could become a new short-term turning point, or could buyers come back into the market and make a new push at breaking supply and the new resistance level?

Thanks for stopping by and watching our latest update. We hope you are all enjoying your Monday.

Good trading.

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