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Gold Finds Support in an Unlikely Place

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold has been bid up off the recent six year lows, which comes as a bit of a surprise given the market’s expectation of a forthcoming rate rise. The support Gold found in recent trading has come from the FOMC meeting minutes, despite them suggesting December is still a live meeting. Gold has been heavily sold off in recent weeks as some in the market are expecting the Fed to signal a forthcoming rate rise. In particular, many were looking towards the FOMC’s October meeting minutes for a solid

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