CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26300
Gold dropped as dollar rallied and investors worried about forecasts that Fed may be readying for faster pace of interest rate hikes projected.
Markets digested the Federal Reserve's September statement on monetary policy, with investors questioning the dovish degree of the language.
The Fed decided earlier to trim that figure to $15 billion and will likely close it at its Oct. 28-29 meeting.
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