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After being hampered by positive sentiment on US Dollar and Stocks, Gold price manages to recover in bullish rebound at USD1317. The diminishing sentiment was apparently as the result of confidence shift in FED rate possibility.
Gold price recovers to advance in bullish movement around USD1323, as investors are waiting for FED rate decision. September hike's possibility has become small as CME's FedWatch indicates discouraging number for rate hike's prospect next week.
Gold price takes a corrective bearish turn and is forecasted to stay bearish for awhile. As FED rate issue looms ahead, The Wall Street Journal predicted there would be no hike as the decision was not supported by sufficient economic data.
Gold price makes a bullish rebound to USD1329 after previously being crushed by FED's official statement in connection with the central bank's progress on the next rate hike.
Gold price keeps its stance at corrective bearish sentiment following ECB announcement that showed little-to-no dovish hint from Draghi. How could this push down the precious metal in relation with FED rate possibility?
Gold price turns to corrective bearish after recording solid gains earlier this week. In regard with disappointing US data that smother expectation for this month's hike, Richmond FED's Jeffrey Lacker convinced in a testimony before congress that the central bank continues to try to rebuild market anticipation.
Gold price ran corrective bearish around USD1347 and expected to stay bearish until hitting support level at USD1342. Previously, the precious metal stood confidently in bullish manner following disappointing US data release.
Gold ran bullish around USD1326 and expected to remain bullish until hitting resistance level at USD1330, which later will reverse bearish.
Disappointing NFP has brought Gold price back to bullish sentiment. Resuming last week's closing in bullish rebound, Gold price continues to make bullish advance around USD1324.
Gold price makes a corrective bullish recovery, but is forecasted to wait NFP release in flat movement. Previously, US economy data gave mixed results, but the overall speculation for FED rate hike seems to still be on the positive side.
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