FxGrow Daily Technical Analysis – 15th Sept, 2016
By FxGrow Research & Analysis Team
GOLD IS UNDER PRESSURE YET AGAIN FOR THE SECOND TIME SEP: EYES ON ECONOMIC CALENDAR
Once again this month, for the second week, gold today, is subject to a new test against the dollar. The question is, Will it pass and make a correction towards towards the 1350 zone or the greenback moves stronger creating a pressure on XAUUSD again to drop into the 1300 zone or even less. On the 2nd of Sep, Gold clocked a low 1302.31 but then rallied up again on the 6th of Sep reaching 1352.35 which is the climax score for Sep, then gradually started dropping, yet still.
Trend: Bearish Downward
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