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Has Gold Finally Found a Bottom?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Gold is consolidating at the bottom of a long and steep downtrend, which came on the belief that the Fed will raise interest rates. Does the consolidation signal a bottom, and how much impact does the Fed have? Gold has fallen heavily out of favour with the markets recently and the ensuing bearish trend has seen it hammered from a high of $1,191.44 to as low as 1,065.36 in a little over a month. The US Federal Reserve is largely to blame thanks to their renewed hawkish rhetoric that has the

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