Gold prices rose $6.91 on Monday as a retreat in the dollar took some pressure off the precious metal.
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The EUR/USD pair initially tried to rally during the trading session on Friday, but turned around to form a negative candle.
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The S&P 500 rallied during the trading session on Friday, as word got out that it looks likely for tax reform to pass.
The US dollar initially fell against the Japanese yen during the trading session on Friday, but found the 112-level supportive enough
The WTI Crude Oil market rallied a bit during the trading session on Friday, breaking above the top of the hammer from the previous session.
Gold prices ended the week up $7.67 at $1255.35 an ounce, snapping a three-week losing streak, as a retreat in the dollar sparked some short-side profit taking.
Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of December 18, 2017.
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