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Gold Reverses Post-Fed Rally On Thursday

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

  1. Kaitlin

    Kaitlin Forum Member

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    The Dollar plunged at the expense of gold prices on Wednesday, as the Fed Chair Janet Yellen confirmed the future pace of rate hikes will be gradual. XAU/USD closed above July low around 1,072. On Thursday, however, we are observing a downside correction, which is at risk of being prolonged[​IMG]

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