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Gold Price Tumbles Below $1,900 After Upbeat US Core PCE Data

Started by forex4you, Feb 26, 2022, 03:04 am

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Gold Price Tumbles Below $1,900 After Upbeat US Core PCE Data

XAU/USD plunges even if the USD depreciates after better-than-expected US data. Gold maintains a bullish bias as long as it stays above the up trendline. Only a new lower low could open the door for a larger drop. The gold price plunged after reaching $1,974 yesterday. Later, it pared gains, dropped as low as $1,878 … Continued


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Source: Gold Price Tumbles Below $1,900 After Upbeat US Core PCE Data
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