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Gold spikes higher on lower dollar, technical break

Discussion in 'Technical Analysis' started by ForexLive, Dec 4, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Gets a kick higher The US dollar has been moving lower and typically, the price of Gold reacts in an inverse direction. Yesterday when the dollar was falling sharply - particularly against the EUR - gold rose but stayed below the 200 hour MA (yellow MA line in the chart below) at the 1063 area.

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