EUR Bullish as Investors Shift Focus to Fed Decision

January 27, 2012 by ForexYard  
Filed under Daily Forex Analysis

Gold:

After a steady increase in the price of gold over the last few weeks, technical indicators are now showing that a downward correction may occur in the near future. A bearish cross has formed on the daily chart’s Slow Stochastic, while the Relative Strength Index on the same chart has drifted into the overbought zone. Forex traders may want to go short in their positions today. forex

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