Watch for the momentum change: Gold and GBPUSD

Commercial Content Analysts
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GOLD and GBPUSD hold the previous session gains. While today both the pairs expected to face resistance around 1905/10 and 1.4200/20.

Gold- On the downside, any meaningful pullback now seems to find short term support today near 1886 and 1878.

gold neww
gold neww1790×464 82.5 KB

GBP/USD- On the downside, any meaningful pullback now seems to find short term support today near 1.4140 and 1.4120.
euraud
euraud1778×479 81.7 KB

The key events to watch:

UK GDP and BOE Governor Bailey speech
US consumer sentiment

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What if Bailey’s speech had an opposite impact on gold as predicted? You never know, right?