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Gold exceeded $2.000 per ounce

Gold exceeded $2.000 per ounce

Information is not investment advice

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Ichimoku Kinko Hyo

USD/JPY: The USD/JPY pair has eliminated the key levels of Tenkan Sen and Kijun Sen. Further pressure of the bears will push prices even to lower ground.

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XPD/USD: Palladium is now testing the key Fibonacci retracement level at 50%. If the bulls manage to withstand the sellers’ pressure, the commodity will move even higher, with stronger bullish implications.


US Market View

Stock futures rose on Wednesday as investors awaited further updates on stimulus talks. In addition, another batch of economic data reports and corporate earnings are about to be released. Nasdaq index logged a 5th straight session of gains and Dow rose for a 3rd day in a row. Gold exceeded $2.000 per ounce.



What to trade on May 16-20?

Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!

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