Gold Prices Forecast July 16, 2014, Technical Analysis » Fx Empire …
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The gold markets fell again during the session on Tuesday, as the Federal Reserve Chairwoman Janet Yellen suggested that the US economy will more than likely continue to need support going forward. In other words, it’s possible that the US dollar could continue to suffer at the hands of the Federal Reserve. However, there is also concern that perhaps risk assets will be sold off, and gold did just that. In the end of the day though, we are still within a significant support region, and with that we would be buyers on a supportive candle if and when we get it. Until then, we are on the sidelines but recognize that a move below the $1280 level would be a decent sell signal.
Gold Prices Forecast July 16, 2014, Technical Analysis
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Gold Prices Forecast July 16, 2014, Technical Analysis » Fx Empire …
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