GOLD (XAUUSD)

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Interesting Fact :
GOLD (XAUUSD)

Dominant bias: Bearish

On Friday, November 14, 2014, Gold bounced upwards. That was a break from the equilibrium zone that was formed last week and the bounce was strong enough to threaten the existing bearish bias.
In the US, Thanksgiving Day is on November 27 this year, being the 4th Thursday of November, and the unique thing about Thanksgiving is that Gold tends to rally around this period – with impressive consistency.
Just check price data around Thanksgiving Day and you will see that Gold has tended to rise around the middle of November each year with the rally usually starting several trading days before Thanksgiving. Although this has not occurred every single year, it has certainly been the case for most of the past 12.

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