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XAU/USD consolidated last week’s gains.   The level to beat for buyers is the 1740 resistance. XAU/USD four-hour chart XAU/USD consolidates the recent gains while trading above $1700 per troy ounce and the main SMAs on the four-hour chart. The market is nearing the 1740 resistance. A break above the mentioned level can lead to more
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EUR/USD continues to erase its weekly gains on Friday. US Dollar Index edges higher toward 100 in American session. Risk aversion helps USD gather strength against its major rivals. The EUR/USD pair came under renewed selling pressure during the American session and fell to its lowest level since Monday at 1.0885. As of writing, the
There are three major reasons to be going short GBP/USD ahead of a long weekend, Yohay Elam, an analyst at FXStreet, reports. UK Retail Sales missed estimates. Key quotes “Retail Sales plunged by 18.1% in April, worse than 16% expected and on top of minor revision. The downbeat data joins a surge of 856,500 in
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