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Gold prices posted tepid advances, with spot up

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GOLD Gold prices posted tepid advances, with spot up, but confined within Tuesday's range, and trading around $1,207.50 by the end of the US session. The commodity snapped a 3day losing streak, as buying interest surged on a retracement towards the 1,200 region. Investors are betting on a sharper recovery in the bright metal, as chances of multiple rate hikes in the US have diminished alongside with the country's growth ever since the December decision. In the daily chart, the Momentum

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