Gold Analysis: XAU/USD: Downside risks building up, $ 1163-1160 on sight

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The XAU/USD pair (gold prices in terms of the US dollar) dropped for the second day in a row on Friday, although booked second weekly gain. The prices fell nearly $ 10 after the greenback swung higher after the US consumer sentiment rebounded from an 11-month trough. The UoM preliminary Consumer Confidence Index booked 92.1 points during Oct, compared to the final 87.2 seen in September. While the industrial figures from the US matched estimates (-0.2% in Sept). Moreover, the uncertainty over

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