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Gold price rose on Friday, as traders collected some profits from sharp fall in past two days (down nearly 3%), with strong acceleration lower on Thursday being sparked by upbeat US Q2 GDP numbers. Strong technical support, provided by the top of daily Ichimoku cloud, repeatedly contained attacks, keeping the downside protected for now. Initial […]

The post XAU/USD Outlook: Gold Edges Higher from Daily Cloud Top as Markets Await Release of US Data appeared first on Action Forex.

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06/12/2023

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