Fear More Important Than Facts in the Gold Market

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The price of gold is a slave to market sentiment. How people feel about economic conditions, no matter how vague that feeling might be, is reflected in the price of the precious metal. Uncertainty and fear of economic slowdown has seen capital flooding back to gold. Just recently the fear of poor US economic performance saw gold hike from the 1052.00 handle to a high of 1273.00. However, the slightest optimism towards US economic strength flattened out the trend line and now sees gold ranging

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