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    XAU/USD: technical analysis on 26.02.2015

    The gold has been losing ground for five weeks and the trend is not expected to reverse. On Tuesday, the XAU/USD refreshed lows at about 1190.00 and corrected to a level of 1210.00 afterwards. Then the gold was kept from further declining by FED chairman's words about improvements in the economy, which were not enough for raising interest rates, however. The metal is very likely to start correction to higher levels. 

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