Gold Price Forecast: XAU/USD bulls move in on dovish FOMC minutes – by fx_ross Gold XAUUSD DollarIndex
, as a consequence, has fallen more than 1% toward 106, the lowest since mid-August, as traders raise bets of only a 50 bps rate hike by the Fed in December.The price has shot higher into resistance and the bulls will look for a discount on the backside of the trendline for a higher price ahead. With the Thanksgiving holidays, markets have fewer participants and hence there is little in the way of a follow-through so far.
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