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Gold analysis for 11.11

Gold price managed to touch our expected target at 1860.00 and found strong resistance there, showing some slight bearish bias. The price completed forming a positive technical formation that we believe will motivate it to resume the bullish bias and surpass the mentioned level to head towards 1900.00 in the …

Currency pair analysis: GBP/USD

The pound sterling against the dollar traded with strong negativity yesterday after breaking the 1.3500 level, and reached the expected negative target at 1.3415. It starts today with a more bearish bias and is expected to break this level and settle below it, confirming the shift to the downside. It is …

11.11. Dollar at annual high, inflation worries intensify

News for today, November 11:

US consumer prices rose at the fastest pace since 1990, which could lead to a faster tightening of the Federal Reserve's policy. Fears over inflation weighed on Asian stocks and sustained the dollar at a nearly 16-month high. However, the region's largest markets in mainland …

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