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  • Squawk / 3 hours ago
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold and not least silver remain under pressure this am following yesterday's FOMC meeting which gave the dollar a boost while sending yields higher. Leaving the dot plot unchanged for 2018 has left a 50-75 bp gap between where the market and the FOMC believe rates are going. With Fischer out soon and Yellen potentially also out before March some now call the FOMC a lame duck with no motivation to change the 2018 outlook, hence the widening gap. Whether or not that is the case precious metals are currently struggling following weeks of speculative buying that now needs to be adjusted. Back below the previous double top the focus in gold now turns to $1281/oz for support (as per chart). Applying the same retracement measures to silver it could now be targeting $16.7/oz.
    The war of words between "Rocket man" and "Barking dog" may sooner or later provide support again but for now its all about adjusting positions.
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  • Squawk / 6 hours ago
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: now having support zone 1291, below holding means 1285 & 1278 easily looking other wise again rise up to 1304 & 1311...
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  • Squawk / Yesterday at 4:26 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: now having support zone 1305, below holding meand 1299 & 1290 easily looking other wise again rise up to 1318 & 1325...
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  • Squawk / Tuesday at 3:56 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: now having support zone 1300, below holding means 1294 & 1287 easily looking other wise again rise up to 1315 & 1322...
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  • Squawk / Monday at 3:54 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: now having support zone 1312, below holding means 1306 & 1299 easily looking other wise again rise up to 1324 & 1331...
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  • Squawk / Friday at 4:01 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: now having support zone 1322, below holding means 1315 & 1308 easily looking other wise again rise up to 1336 & 1344...
    Read the Squawk