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Gold Price Near major ressistance, NFP Data will decide the trend

Today’s Key Highlights Gold price started an upside correction from $1,266 against the US Dollar. There is a major bearish trend line forming with resistance near $1,292 on the 4-hours chart of XAU/USD. The US Pending Home Sales increased 3.8% in March 2019, more than the 1.1% forecast. The Fed Interest Rate Decision is scheduled today (forecast 2.5%, versus 2.5% previous).

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    2024-08-7

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