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Gold Analysis: Downside opening up on rising USD, $ 1080-1075 in sight

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    XAU/USD (gold prices in terms of the US dollar) has had a favourable start to 2016 so far, with the bullion rising as highs as $ 1113, as flight to safety remained the underlying key theme in the first two weeks of this year on the back of uncertainties surrounding China stock markets and also on looming concerns over global economic outlook amidst oil price declines. Investors preferred to protect their capital in times of market unrest and turmoil and resorted to the traditional safe-haven,

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