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Gold Analysis: XAU/USD consolidates ahead of Yellen, $ 1200 still on sight

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    XAU/USD (gold price in terms of USD) witnessed a volatile session on Easter Monday, with limited volatility and low volumes exaggerating the moves in the precious metal. The prices dropped sharply to 1207.69 troughs ahead of the US session, although staged a robust $ 16 recovery from thereon and spiked to daily high at $ 1223.12 following tepid US economic releases. The US personal spending showed slower growth in Feb, while the pending home sales jumped to 7-month high last month. The prices

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