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Gold Retreats Before FOMC Minutes

Discussion in 'Technical Analysis' started by Kaitlin, May 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Three consecutive days of gains resulted in the testing of the weekly R1 back on Monday, but yesterday gold has been relatively quiet in its movements. As long as it keeps fluctuating above the weekly pivot (1,272.24), the outlook will maintain a mild positive bias. However, the risks are skewed[​IMG]

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