The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 46.4 in December versus the 47.5 expected and, 47.2 – November’s final print.
Ascending trend of XAU/USD continues Estimated pivot point is at a level of 1857.99. Main scenario: consider long positions from corrections above the level of 1857.99 with a target of 1915.00 – 1930.
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