19 Nov 2013
Gold: trading range at weekly lows below $1,280
FXstreet.com (Chicago) – Hourly charts evidence a trendless movement after the retracement from the $1,275 zone remaining around weekly lows after the intensification of rumors about the continuation of the Fed’s easing on Yellen’s comments last Thursday.
The US economy will continue to be injected by the Fed’s buying power until robust economic results don’t take place. At $1,273.40 gold retraces 0.09% and prints lows at $1,272.40 and highs at $1,275.40.
The US economy will continue to be injected by the Fed’s buying power until robust economic results don’t take place. At $1,273.40 gold retraces 0.09% and prints lows at $1,272.40 and highs at $1,275.40.