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Abstract：Powered by WikiFX: (GOLD, EUR/USD, GBP/USD and USD/JPY) Technical Analysis August 02 , 2023
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
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Markets turn cautious as investors await the Fed’s December meeting minutes. The US Dollar stabilizes near 98.10, gold drops sharply from record highs, while GBP/USD, EUR/USD, and USD/JPY react to central bank signals.
In forex trading, a pip is the smallest unit of price movement between two currencies. It’s used to measure changes in exchange rates, calculate profits or losses, and manage trading strategies effectively.
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