Gold Retreats The Most Since Mid-July

Discussion in 'Technical Analysis' started by Kaitlin, Dec 18, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Yesterday the bullion depreciated very substantially, by losing more than $20 per troy ounce. Market realized the importance of this week's Fed decision and the Dollar rallied afterwards. XAU/USD pierced through the first support at 1,062 (weekly S1), but was eventually stopped by another weekly demand at 1,050. Both Dec[​IMG]

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