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Graph Gallery WHERE ARE THE GLOBAL MARKETS GOING?
TECHNICAL CHARTS
FUNDAMENTAL CHARTS
Morning Briefing Gold (1203.50) remains strong at the week-opening, but faces a crucial Resistance near current levels. It needs to power up to 1207-1210 in order to avoid a profit-taking dip towards 1190 and lower. The Gold-Euro rate (1133.53) also faces an important Resistance near current level and then a stronger one near 1152. So, the market might like to avoid adding fresh Longs to Gold. Correction in Gold (if seen) could see the Aussie (0.7480) come down as well.
Like the Euro, the Aussie (0.7485) remains near Friday's levels, maintaining its recent strength. It may try and test 0.7550 if and while near term Support at 0.7450 holds.