The precious metal made an upside correction because the market was expecting FED confirm the iuncrease of interest rate by 2Q15 but it is not the case. although expert knew that FED would not increase before 3Q15, as you may also read in all my previous research, the upside correction did not change into a change of trend. On the long run, XAUUSD may very well go down the line towards 1140 and 1120.
EUR may gain some value against USD which would inevitably effect the precious metal, but this would be on a short run, because, ECB would flow the market yet again with another 60 Bio €
EUR may gain some value against USD which would inevitably effect the precious metal, but this would be on a short run, because, ECB would flow the market yet again with another 60 Bio €
