Gold Rockets into A Potential Fed Rate Hike! The Technical Reversal Could be Very Significant

Spot GOLD has reversed to the upside by $30 today, but more significantly from a technical perspective is that the strength on a Friday, if sustained, has the potential to put in a key, upside weekly reversal, which has significant positive technical implications– that the long slide in GOLD off of its Sept 2011 high …

Gold Analysis: XAU/EUR faces stiff resistance at 50-DMA placed at 1094

XAU/USD pair – Daily Chart Gold prices in terms of US dollar (XAU/USD) ended higher on Tuesday around 1191.70 levels, reaching fresh three week high at 1195.04 levels. XAU/USD extended its uptrend and remained elevated all though yesterday amid a softer US dollar on expectations of below estimates US macro data. However, the pair dipped …