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Gold Analysis: Technically bullish, Golden crossover on daily sticks

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    XAU/USD (gold price in terms of USD) kept the upbeat tone intact and finished higher on Thursday, settling at 1233.58. The prices bounced-off a dip to 5-DMA near 1225 following the release of much stronger-than expected US durable goods data, which sparked a rally in the USD across the board. The US durable goods orders for January improved notably to 4.9% from -4.6% in December. The ex-transport measure also increased to 1.8% from -0.7%. While the rebound seen in the US equities also poured

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