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XAU/USD (GOLD): Short review and forecast

This week prices for Gold continue to grow. The main factor of growth, of course, was the terrorist attack in Manchester, which forced investors to turn to less risky assets. In addition, the growth of prices continued amid the weak dollar and based on the results of the FOMC Committee meeting, where was designated plans of the US Central Bank to reduce the balance before the end of this year. The FED, which had planned a rate increase this year 2 times, began doubt about necessity for further growth of the rate due to weak economic indicators and slowdown of the economy, although the probability of a rate hike in June remains high. Of course it's also impacted the value of GOLD. Political instability in the United States and possibility of beginning a full and protracted political crisis also, contributes the growth.
So, there're a lot of factors which say about further increasing of prices. We can say for sure that the upward trend will continue and increase its intensity in the near future. It should be noted that the rates was carried out with high volatility in a wide range, but now the situation changes and the upward trend is more stable, which is clearly seen on the chart.
Thus, we can say that at the moment, the deals to BUY are more effective. Oscillator MACD confirms this.

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