Gold prices gained interests as a result of the possibility of buying a new delay the Fed to raise rates of economic uncertainty and spread on a large scale. It prompted profit taking and short covering sites operations since then gold to relegation from the top to the bottom, who is 1128.16 at 1120 levels, however, remain the biggest Interests List. It is possible that gold keeps on top of an upward acceleration, even if dominated by fluctuations on trading during the day.
The US dollar advanced against most commodities and emerging-market currencies after the Federal Reserve kept the scope of interest rates unchanged. This meeting seen as a prelude to the March meeting where it is possible to increase the crystallization rates of interest. This may open possibilities Council statement on the emergence of delay in March and stressed strongly on global risks.
Technical Analysis for decades XAUUSD - Gold prices firmed above the level of 1113, the top of the rally recorded early 2016 and which now plays the role of a support level. The presence of momentum in their bids saturated area refers to the availability of sufficient interest to maintain current levels, in spite of the emergence of risk reversal on the horizon. It is possible that the gold settle in the scope of consolidation if not a breakthrough support.
A graph of gold prices
