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Gold Forecast 2016: A tale of two halves, $ 900 could be a key reversal point

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    2015 – All about Fed lift-off Gold is poised to end 2015 with its third-consecutive year of losses, already down 15% so far this year. The yellow metal extended its downward trajectory, with markets adopting the ‘Sell on Rallies’ strategy almost through 2015 expectant of the US Federal Reserve’s (Fed) efforts towards policy normalization and thus, end an era of low-interest rate regime. Gold prices peaked around $ 1307/ oz in January this year after the Swiss National Bank abandoned the Swiss

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