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eFX Apex

Aug 12 - 04:55 AM

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By Jeremy Boulton — Aug 12 - 03:08 AM

• Gold up to $4434/oz on Aug 11

• Gold has broken and closed above daily Ichimoku cloud

• Chance of a bullish close above 100-DMA at $4387/oz

• The influential 200-DMA is $4498/oz

• Gold rises have tended to precede USD drops

• Traders heavily long USD ahead of US CPI report

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Gold

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

Source:

London Stock Exchange Group | Thomson Reuters