Gold Settles Below 1,100 On Uplifted Greenback

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Bearish strength pushed the bullion substantially lower during the first trading session of this week. Recovering equity markets in Asia and risk-seeking sentiment resulted in XAU/USD's retreat below the psychological level of 1,100. Gold managed to limit the sell-off at the weekly pivot point at 1,092, the second support for[​IMG]

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