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Gold Analysis: bearish price-RSI divergence intact despite dovish Fed

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Federal Reserve policy statement surprised market with a dovish tone and led to a broad based USD sell-off. Heading into the event, a significant majority was expecting Fed to come out hawkish. Fed was expected to back track from its December view of four rate hikes this year, but what came through was more dovish than expected. Fed now sees only two rates hikes this year (compared to four rate hikes seen in Dec) and Yellen’s tone indicates Fed five up on tightening this year if situation

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