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Golden times ahead for the yellow precious metal?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Unlike crude oil, gold has been able to hold its own pretty well so far this week. At the time of this writing on Tuesday evening, the precious metal was trading around $1165 per troy ounce after recovering its earlier losses. It was thus 5 bucks shy of the key short-term resistance and August high at $1170. The precious metal is continuing to benefit from the weakness in US dollar and safe haven buying due to growing uncertainty about the direction of the stock markets. The US earnings season

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