Gold's 200 day MA and 100 hour MA converge. What next?

Discussion in 'Technical Analysis' started by ForexLive, Oct 19, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Trades above and below the key level. Gold has been running higher in October on expectations that US interest rates would remain on hold for longer than expected. This has weakened the US dollar. A weaker dollar makes gold more affordable for investors who hold other currencies.

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