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Forex pairs in this Article » GOLD, USDOLLAR, EUR/USD
Talking Points:

• Technicals offer up a possible inverse head-and-shoulders pattern versus a dominant bear trend for gold

• Fundamentals can help gauge a greater level of confidence for direction and momentum

• There are general four themes that guide gold, but its relationship to the USD is currently key

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The gold chart offers up a view of a broad range and an eventual breakout. But will the precious metal clear $1,400 or $1,300 first? Technicals find the dominant trend still backing the bears, but recent developments raise the stakes for a turn. Fundamentals can help establish a probable direction and point us to what key spark will turn congestion to trend. In today's Forex Strategy video, we discuss what fundamentals you should consider when trading gold.

How are speculative traders currently positioned on gold? Find out in the twice-daily Speculative Sentiment Index (SSI) updates in DailyFX-Plus.

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