Gold Analysis: XAU/USD Bullish potential intact, could test $ 1130 on dovish Fed

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    XAU/USD (gold in terms of USD) rose to the highest levels since Nov 3 at 1122.95 on Tuesday and rallied as much as $ 15 intraday as the demand for the safe-haven gold was on the rise amid heightening risk-aversion led by sliding oil prices. The bullion was unperturbed by the revival of risk appetite during the American session, after oil prices staged a minor-recovery, and continued its bullish momentum. More so, the better than expected consumer confidence figures also failed to weigh on the

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