Gold Analysis: Gold eyes early 2010 lows on hawkish FOMC minutes

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The ongoing rout in XAU/USD (gold prices in terms of the US dollar) extended for the sixth consecutive session on Tuesday, with the pair hitting the lowest levels since Feb 2010, at 1065.53. Gold prices dropped almost $ 20 sharply yesterday, with the fall accentuated by upbeat US CPI figures which double confirmed a Dec Fed rate rise. The US CPI rebounded 0.2% m/m in Oct, meeting the markets' expectations. Following the data, the US dollar spiked to fresh seven-month highs against its major

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