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Gold Spikes Towards Mid-November Highs At 1,085

Discussion in 'Technical Analysis' started by Kaitlin, Dec 7, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Disappointment from the ECB was fully priced into gold on Friday. The precious metal surged by around $20 per troy ounce. XAU/USD pierced through the July low to close just below the monthly pivot point at 1,085. We expect some selling pressure to be in place here. Unless the mentioned[​IMG]

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