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Pairs in Focus – Silver, Gold, EUR/USD, GBP/USD, USD/MXN, NASDAQ 100, BTC/USD, USD/CAD

From dailyforex.com

The silver market has fallen pretty significantly during the course of the week as interest rates continue to be a main driver. After all, we are in a situation where a lot of traders just don't know what to do with the risk coming out of the Middle East as the war seemingly although much calmer than it once was, is still some distance away from having an agreement between the United States and Iran. The $80 level is a little bit of resistance, if we were to break above there, then we could go higher, perhaps reaching towards the $90 level. Underneath, I would look at the $70 level as the floor. The gold market has ... (full story)

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  • Category: Technical Analysis