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Gold Slides Down From 1,182 To 1,156 After Fed

Discussion in 'Technical Analysis' started by Kaitlin, Oct 29, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Markets expected somewhat dovish Fed stance yesterday. A completely opposite outcome of the meeting pushed gold prices considerably to the south. While initially trading with a premium, the bullion's spot dipped down to 1,156 by the end of Wednesday trading and established a new two-week low. A decline was capped[​IMG]

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