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Thursday, March 19, 2015

Philly Fed manufacturing index falls to 13-month low!! Whats Ahead for Gold - Dollar Index ??

Philly Fed March Factory Index disappoints at 5.0 vs Forecast 7.1. As lower than expected reading should always be taken as negative for USD but DXY is still holding on to 99.40 levels from the days low 97.37 can be considered its trying to fill the gap "99.96" of 100.78 to 94.77 crash.

Sell DXY @ 99.44 - 99.96 for positional target 97 - 95.52 - 92.48, Above 100.80 its 103.05

Now @ 99.46

Gold - XAU/USD Support & best buy 1155 - 1164 target 1186 - 1199

Now @ 1165


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