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Gold Prices Set to Fall Further

Gold Prices Set to Fall Further

David Rodriguez, Head of Product
ssi_GOLD_body_Picture_14.png, Gold Prices Set to Fall Further

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GoldRetail forex traders have bought aggressively into Gold price weakness versus the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of further weakness.

Trade Implications – Gold: One-sided crowd sentiment and Gold’s failure to close above key technical resistance suggests that the next major move will be lower.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_GOLD_body_Picture_15.png, Gold Prices Set to Fall Further

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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