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August 8th 2022, Gold — Summer rally starts with promising momentum

Gold in US-Dollar, 4-hour chart as of August 8th, 2022. ©Midas Touch Consulting
Foreign holdings of U.S. Treasury securities as of August 2, 2022. © Holger Zschäpitz

No change in tighter policy regimes

Gold price daily chart in US dollar — At least recovery towards the 200-day moving average

Gold in US-Dollar, daily chart as of August 8th, 2022. ©Midas Touch Consulting

Conclusion: Gold — Summer rally starts with promising momentum

Next buying opportunity only below 1,700 EUR

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