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Gold is back to soar and recorded a new all-time high
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[QUOTE="FXOchartist, post: 346239, member: 90221"] Even though it rose to the price level of $2344, gold still failed to continue its upward trend. Price back to decline at $2332 level price. Citing to Investing, US durable goods data for March was released, rising from 0.7% the previous month to 2.6%, slightly above expectations of 2.5%. The previous month's figure was revised down from 1.3% to 0.7%. Meanwhile core durable was at 0.2%, tending to be in line with expectations, but up slightly from the previous 0.1%. Gold did rise when the data was released, but was unable to maintain this increase as the market was still worried about the GDP report and also the PCE on Friday. The continued weakening of the Japanese Yen may make the market think that the BoJ will intervene in currency involving the USD, thereby affecting gold prices. Bollinger band squeeze appears which indicates low market volatility in H1 timeframe. Expected break upside. [ATTACH type="full" alt="Gold 26 04 2024 d1 tv.png"]60788[/ATTACH] [/QUOTE]
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Gold is back to soar and recorded a new all-time high
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