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TDUX
Nov 10 - 07:55 AM
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Gold - Down Ahead Bearish Signal And US CPI

By Jeremy Boulton  —  Nov 10 - 05:49 AM

• Gold down from $4146/oz to $4073/oz on Tuesday

• The 55-DMA set to cross below 100-DMA - bearish

• US CPI expected 0.2% in Oct vs 0.3% mm Sep

• Range of 68 forecasts in Reuters poll is 0.1%-0.3%

• Targets for a drop: $3823, $3726, $3628, $3489, $3312

• US bond buy signal may spark short squeeze, hurt USD

•
gold sell signal and targets


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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