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ForeCastle

  1. Gold (XAU/USD) - daily bearish to be resumed; 1,226 is the key

    by , 03-03-2017 at 12:45 AM
    Gold Prices have dipped as the US Dollar gains strength ahead of this morning’s USD ISM Manufacturing data. Expectations for today’s event are set at 56.2, and as a high importance event its release is expected to directly affect US Dollar priced assets including Gold.

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    Technically, gold prices have declined substantially after trading to yearly highs earlier in the week at $1,264.06. Now, prices are trading back below their 10 day EMA ...