forex_managed_account_1

Gold Analysis: XAU/USD: Could take out Fib golden ratio on softer US CPI data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The XAU/USD pair (gold prices in terms of the US dollar) extended gains for the third straight session on Wednesday and pierced through the key 200-DMA at 1176.86, scoring fresh three and a half month highs at 1189.94, just shy of the Fib golden ratio at 161.80% retracement (Set 24-Oct 2 decline) located at 1190.18. The prices were caught by a fresh buying wave following the release of dismal retail sales and PPI data from the US, which further squashed Fed rate hike expectations for this

    Continue reading...
     

Share This Page

free forex signals