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Gold Gaps Higher Despite Bearish Pressure

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Last week saw Gold fall sharply as market sentiment swung towards the US Dollar. However, the precious metal might finally have discovered some support as the commodity managed to gap open on Monday. Gold remained under significant pressure over the past week as the market continues to take a risk-off approach to the metal ahead of December’s FOMC meeting. Subsequently, Gold prices continued to fall throughout last week, despite the US PPI and Retail Sales providing a lack lustre result at

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