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MUMBAI, Dec 26 (www.GoldTradingCalls.com ) USD Dollar consolidating its uptrend as it rose to the highest level in month and made an intermeidate high at USD 78.449. We expext USD Forecast to be correction mode for the 2-3 weeks time frame.
The 8hr dollar chart clearly shows MACD has given a sell signal from it over bought levels.
The GDP in the U.S. for the 3Q came out 2.2% worse than expected 2.8%. An industry report showed Existing Home Sales climbed in November to 6.54M more than economists estimated at 6.25M. Stocks finished with gains in the U.S. The Nasdaq posted new highs for the year and the S&P 500 finished at the highest level in 14 months. The Dow Jones rose 0.46% and the Nasdaq gain 0.69%. The Gold (XAU) tumbled to the lowest level in a month reaching the 1075$ level but managed to close at 1086$ an ounce.
