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Gold Could Test The 'Ultimate Target For Bulls' This Week - MKS

Tuesday, 16 January 2018 05:25 WIB Gold Outlook Gold Corner

As gold prices continue to make their way higher this week, the yellow metal could test its 'ultimate target for bulls', which is currently set at $1,357 - September's high, says MKS PAMP trader Sam Laughlin. 'We are likely to see further short squeezes over the near-term as the metal edges toward USD $1,350 and above this the September 2017 high around USD $1,357,' Laughlin writes. Gold’s price moves continue to be guided by the U.S. dollar, specifically the USD/China “as both on-shore and off-shore yuan strengthen considerably against the greenback,” he points out. The trading is likely to remain quiet in Monday as it is Dr. Martin Luther King Jr. Day in the U.S., Laughlin...

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SymbolLastChg 
RP998525
JPY99.2-0.01
EURUSD1.3066-0.0025
GPBUSD1.51090.0045

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