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Gold Rallies Beyond 1,260 Amid Fed Decisions

Discussion in 'Technical Analysis' started by Kaitlin, Mar 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The bullion commenced a reliable recovery on Wednesday, owing to softer than expected rate projections from the Fed. Backed by the January uptrend line, gold soared through the weekly PP and touched the February high at 1,263. Medium-term risks, however, are skewed to the South, particularly because the metal is[​IMG]

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