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Gold Moves Toward $1000

Published 05/08/2015, 15:31
USD/ZAR
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GC
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Francis Hunt, The Market Sniper, looks at the Gold market, and further gives the outlook for the yellow metal and USD/ZAR

Technicals favour a downside move

Hunt looks at a few charts for Gold prices and notes that the precious metal shows a continuation pattern. He sees the price action in the technical charts as favouring a downside move towards $1000 levels.

USD/ZAR: The Gold Correlation

Hunt comments on the co-relation of USD/ZAR with the Gold prices. And further forecasts the cross to touch 13 for those looking for the continuation to extend.

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