FxJohnson

GOLD CONFIRM ANALYSIS (WEEKLY)

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The gold market was moribund for the first half of the week, but contradictory U.S. CPI and PPI data pushed gold prices sharply down on Wednesday and back up on Thursday, while a sudden escalation of conflict in the Middle East on Thursday evening saw gold prices posting steady gains heading into the holiday weekend.

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