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Gold Erodes Weekly Gains On Buoyant Dollar

Discussion in 'Technical Analysis' started by Kaitlin, Mar 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The bullion continues to pare the rally, which took place throughout the previous week amid dovish policy decisions of the Fed. Now the Greenback is back on track, meaning gold is now attracting the bears that are likely to attempt penetrating the long-term uptrend at 1,245. A drop under here[​IMG]

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