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Technical Analysis XAUUSD : 2015-12-07

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    ECB has pushed gold prices up On Friday gold was gaining ground for the 2nd straight day. Investors reacted on the results of the ECB meeting and the weakening US dollar. Some market participants believe the massive shifting from the shorts to the longs in gold has begun. In recent weeks the stockpiles of SPDR Gold Trust, world biggest gold-backed ETF fund, fell to the lowest since September 2008. The number of the shorts on COMEX has hit the historical high. Will the gold prices continue to

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