Daily Market Report by GulfBrokers 2020-2021

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Important economic releases this week: ECB & BOC meeting, US and China CPI and Oil inventories.

Earnings to watch - GameStop and Chewy

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Gold price faces downside pressure after it failed to hold above 1900.

If the bearish momentum continues the next downside levels to watch today the 1885 and 1878 zone. On the flip side, the immediate resistance at 1900/05.

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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.
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GBP/USD- On the downside, any meaningful pullback now seems to find short term support today near 1.4140 and 1.4120.
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The key events to watch:

UK GDP and BOE Governor Bailey speech

US consumer sentiment
 
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