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    XAU/USD: analysis and forecast on 10.04.2015

    Throughout this week downtrend has dominated, as the metal failed to break down resistance level of 1220.00. The meeting of the Monetary Policy Committee of the US Federal Reserve showed that the increase in the interest rate can take place in the summer, and this fact has put pressure on gold. As the result, the pair XAU/USD had first stopped slightly above Fibonacci level of 23.6% and then corrected to 1205.00. Despite provided support, investors are losing interest in the USD, which reduces chances of further decline in gold. 

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