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Gold Analysis - XAU/USD: Stuck between key MAs ahead of US data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 27, 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) extended losses for the fourth straight session on Monday, although ended above $ 1160 – psychological levels. The yellow metal edged lower, despite broad based US dollar weakness, as uncertainty over the Fed’s interest rate outlook keeps gold bulls on the edge. However, the prices spiked to 1170 levels in a knee-jerk reaction to poor new home sales data from the US, which showed that the purchases of new homes dropped to the lowest in

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