Gold Analysis: Poised to test $ 1065-63 on Fed announcement

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    XAU/USD (gold prices in terms of the US dollar) failed once again near 1088 levels on Friday and dropped to as low as 1075.87, as anticipated. The yellow metal halted its two-day recovery mode and slipped back in the red zone after the prices were sold-in to hawkish Fed speak amid a data-empty trading calendar. New York Fed President William Dudley noted on Friday that the Fed should soon be ready to initiate the rate lift-off. Moreover, persisting EUR/USD weakness on the back of growing

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