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Silver plummeted and the trend was too scary! The silver price successfully achieved the second target. The latest analysis of silver trade by well-known institutions.
During the Asian market on Friday, spot silver maintained its intraday decline after yesterday's sharp drop, and currently silver is trading near $27.70/oz. According to Economies.com, the silver price has reached its second target of $27.62/oz. Technically, there is support for further downward movement in the silver price.
Gold breaks out in a big move! Gold prices have surged nearly $20 in the short term. Latest technical analysis of gold prices by FXStreet analyst.
During Friday's Asian market session, spot gold suddenly rebounded sharply, with a short-term gain of up to nearly $20. The gold price has now broken through $2,370 per ounce. FXStreet analyst Haresh Menghani pointed out that as the US dollar weakens again, gold prices rebounded from a two-week low.
The culprit of the nearly $33 drop in gold prices! How to trade gold with the heavy-weight US PCE data? Must preserve the original format of the Text, including line breaks and other formatting.
#Gold Technical Analysis# 24K99 News On Thursday (July 26), the gold market suddenly encountered a violent sell-off, with spot gold prices plummeting nearly $33, dipping below $2,360/ounce at one point. On Friday, investors will face US PCE inflation data, which is expected to once again trigger violent market fluctuations.
Global investors are scrambling to avoid the impact of the "US election"! Is gold one of the safe havens?
Investors are wary of further sell-offs and are looking at small-cap stocks, United Kingdom assets, and gold as possible safe havens.
Gold, silver, and copper all experienced a sharp decline! What happened?
The price of gold and silver suddenly plunged.
Be wary of another big move in the gold market! Heavy-weight US GDP is coming, how to trade after the gold price drops?
During the early European market on Thursday, spot gold maintained its intraday downward trend, with the current price around $2,372 per ounce, a drop of nearly $25 during the day. Dhwani Mehta, senior analyst at FXStreet, pointed out that gold prices fell sharply on Thursday and may challenge the key resistance level of $2,360 per ounce.
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