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Gold finds support at the 50 day EMA

CROSS ASSET
  • Dollar bid has kept the pressure on the precious metal, as investors discount sooner rate cuts, following the US NFP/AHE beat.
  • The initial sell off earlier was triggered on the news that China was holding off Gold buying.
  • Gold is now founding some bids right on the initial support noted at $2314.4 - 50- day EMA.
  • Multi cross assets are now also fading some or the post US Data moves, with Bonds and Equities recovering from their lows.

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