Gold moves lower after Markit manufacturing data
The stronger than expected Markit manufacturing PMI data (preliminary) for November, has goosed the US dollar higher which negatively affected the price of gold. Precious metal is testing the major support level at $1847/oz. Should sellers manage to break below, then next support at $1805/oz could be at risk.
GOLD, D1 interval. Source: xStation5
A recovery on the gold market has paused recently and the price of the precious metal pulled back a bit. We can observe a test of the support zone marked...
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