Gold melting away as Fed hike expectations grow

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    How low can it go? There is still no end in sight for the falling prices of gold. The metal is now down for the fifth consecutive day after forming a key reversal pattern on Wednesday of last week on the back of a more hawkish than expected FOMC statement. The markets have since been pricing in a higher probability for a rate rise in December and the dollar has correspondingly gained ground. The US currency could sharply extend its gains if this week’s key data from the world’s largest economy

    Continue reading...

Share This Page

free forex signals