The Gold has remained bearish

May 1, 2014 by

The gold has moved downwards and tested the new low support level of 1279.71. As it has been predicted, the Fed made no changes to its police. The tapering will be carried with same pace as it was, and it will be aiming to finish by the end of this year.

Despite the lower than expected US GDP date and further sanctions to Russian individuals around President Vladimir Putin’s inner circle, the precious metal remained bearish against USD.


xauusd h4 01.05.2014