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Gold Analysis: XAU/USD Falling channel bullish break, targets $ 1250/60 in near term

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    XAU/USD (gold price in terms of USD) staged a solid comeback on Thursday and rallied to fresh six-day highs as the US dollar dipped to fresh six-month lows following the releases of Fed March meeting minutes, which was read as more dovish by markets. The document read, "Several (Fed officers) expressed the view that a cautious approach to raising rates would be prudent or noted their concern that raising the target range as soon as April would signal a sense of urgency they did not think

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