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Gold Depressed By More Confident Greenback

Discussion in 'Technical Analysis' started by Kaitlin, Mar 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Unexpectedly high bets on rate increases from the US Federal Reserve later in the year pushed the yellow metal noticeably down against the American currency. The February uptrend was tested for the first time since early March and now the 20-day SMA and weekly S1 are at risk of being[​IMG]

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