Gold Falls On Supportive Central Bank Background

Discussion in 'Technical Analysis' started by Kaitlin, Mar 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Greenback is appreciating on the back of weaker other currencies, while actual and expected central banks' expansionary policies are raising downside risks for gold. Yesterday XAU/USD failed to close under the weekly pivot point of 1,251, but today a selloff is being extended through this level. Any dovish movement[​IMG]

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