Monday, August 19, 2019
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Weekly Market Outlook | Econ Alerts

Weekly Market Outlook: 19th – 23rd Aug 2019

The summer lull will continue into next week as economic releases will remain sparse. However, central bank minutes and the annual gathering of central bankers at the Jackson Hole Economic Symposium should generate plenty of headlines ahead of expected policy easings in September. Trade and geopolitical tensions will also come

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Technical Analysis – Gold develops in the consolidation area

Gold develops in the consolidation area; indicators signal a bullish move. Gold prices have been trading within a congestion area over the last two weeks with the 1,439 resistance as the upper boundary and the 1,382 support the lower boundary. Despite the sideways move, the technical indicators are suggesting an upside tendency in the 4-hour chart.

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