FINANCIALTELEGRAPH

Small pull back with strong rebound.

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Hi Gold Traders here is the update chart analysis for gold U.S Dollar
Gold prices hit its highest after the three-week low as concerns over slowing economic growth and US Fed’s dovish stance boost the yellow metal.
Gold is currently priced at 1316.50 and is expected to move upward.
In a technical point of view, the spot price dropped by 0.60%. Gold failed to maintain $1320 level and the current price is moving above the 20 day exponential moving average . Within the last eight hours trading session, the price for the yellow metal has experienced small pullback which is suggests a strong rebound.


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