Daily Market Updates: Gold Downtrend Threatens to Deepen as Recovery Hopes Fade

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Gold Downtrend Threatens to Deepen as Recovery Hopes Fade

Reported · Written up by our desk · Major Pairs

Key Highlights Gold is struggling to settle above the $4,220 pivot zone. A bearish trend line is forming with resistance at $4,160 on the 4-hour chart. WTI Crude Oil found resistance at $102.40 and corrected some gains. EUR/USD could start a recovery wave if it settles above 1.1285. Gold Price Technical Analysis Gold made another […] The post Gold Downtrend Threatens to Deepen as Recovery Hopes Fade appeared first on ActionForex .

Latest closeGold $4,156.50 ▼0.1%|WTI crude $98.01 ▼5.5%|EUR/USD 1.123 ▲0.2%

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Action ForexGold Downtrend Threatens to Deepen as Recovery Hopes Fade

Forex

Gold Downtrend Threatens to Deepen as Recovery Hopes Fade

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