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Gold threatens lowest close in a month

Discussion in 'Technical Analysis' started by ForexLive, May 24, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Gold technical analysis Gold is trading lower for the fifth consecutive day and is at the lowest level of May. The precious metal has been in a steady downtrend hitting a cycle high of $1303 on May 2. The selling has accelerated since the Fed took a more hawkish stance.

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