#XAU/USD#
The weakening US dollar sentiment triggered by pessimistic data on the Philadelphia Fed Manufacturing Index and Unemployment Claims has supported the rise in gold prices on Thursday, ending up $21.57 at $1717.95.
Gold was bought this morning (22/7), targeting the resistance at $1725 amid the weakening US dollar. However, if it moves down to a break below the $1714 level, it sells to test the support at $1712. Potential Asian session trading range at $1712 - $1725.
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