Gold Price Outlook: XAU/USD Rally Stalls– Relief or Reversal?

Gold prices have rallied more than 1.1% this week but remain within a broader consolidation formation. Here are the levels that matter on the XAU/USD technical charts.

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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Jul 20, 2020 when GBP/USD traded near 1.27.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.

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FTSE 100 Technical Analysis: Stuck in Channel, Waiting on Actionable Price Action

The FTSE is generally holding lower but is still handing onto one line of support; wouldn't take much to push the index over the edge though.

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FTSE 100 Technical Analysis: Stuck in Channel, Waiting on Actionable Price Action

The FTSE is generally holding lower but is still handing onto one line of support; wouldn't take much to push the index over the edge though.

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USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Jul 07, 2020 when USD/JPY traded near 107.55.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.

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