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Gold falls to six-day low on USD strength, central bank unease

Discussion in 'Technical Analysis' started by ForexLive, Mar 9, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Gold down $15 to $1246 Gold prices hit stops on a decline below $1250 in a quick move. The easy part of the rally for gold is over. The bulls might get some help from the ECB but the market has priced in a tremendous amount of easing. Afterwards, it's on to the Fed and given the upbeat turn in markets and data, the FOMC is more likely to surprise with something hawkish.

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