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Gold Analysis - XAU/USD: Consolidates around 200-DMA, awaits fresh cues – ECB?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The XAU/USD pair (gold prices in terms of the US dollar) halted its corrective slide and rebounded on Tuesday, although remained in familiar ranges between 1165-1185 levels. The prices found good support near the 10-DMA located at 1166.18 and bounced higher, piercing through the 200-DMA at 1175.91 and finished the day well above the last. The yellow metal shot higher on Tuesday, completely ignoring impressive US housing starts-led USD strength, on renewed talks of further easing by global

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