6min chapter

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A Critical Week of Data out of Asia this Week

Market Depth

CHAPTER

The Importance of Gold Price Action in the Near-Term

In the near term, we may very well get to new all time highs and gold prices. Price action on gold is currently more so a function of the dollar price action rather than gold price action. Gold at 2080 could serve as a cap or breakout level of resistance for gold prices. The broader message being that gold price action should be looked at in other currencies other than USD.

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