Spot gold lost ground on Thursday for the third day in a row and finished hovering around $1,288 with a small loss. On Wednesday XAU/USD plummeted and fell almost $20 and on Thursday reached fresh four day lows at $1,285.
Price moved sideways all day without a clear trend. During the European session peaked at $1,295 but failed to hold and pulled back quickly below $,1290. On American hours price action remained limited.
The yellow metal is headed toward the second weekly loss in a row and about to finish far from the highs. In the previous days XAU/USD traded above $1,315 but it was rejected and finally retreated sharply, approaching April lows.
Future Currency ForecastGBP/USD Oversold Ahead of BoE- Will Governor Carney Talk Up Cable?DailyFXEven though the Bank of England (BoE) interest rate decision is likely to reveal another 8-1 split within the central bank, the fresh comments may boost the appeal of the sterling and spur a near-term rebound in GBP/USD should the committee change its ... 
ForexLiveGBPUSD moves off low. Still lags.ForexLiveThe GBPUSD remains the laggard. Yesterday the pair eked out a gain for the day. It was the second up day in 13 days. The problem? It was only up by 6 pips. Not exactly a race higher. Today, the pair tried to build off the higher close but failed. When ... 
ForexLiveForex technical analysis: GBPUSD tests and breaks quickly below 1.4300ForexLiveIn an earlier post, I spoke of the bare minimum the GBPUSD price had to do. That was to get and stay above the 100 bar MA. The pair tried, but it just could not do it, and the move into the Friday 4 PM fixing was to the downside. The pair is now making ... 
FX News CallForex Analysis of Majors – EURUSD and GBPUSDFX News CallIn contrary to EURUSD, GBPUSD lost the ground and submerged below the 1.4359 (yesterdays low) level. Now the pair is very near to make a fresh six-year low. This pair needs to travel below the 1.4230 level to make a fresh 6-year low. On the 15 minute?... 