Gold XAUUSD trades mostly sideways for 3 days as we consolidate Wednesday's big rally. Yesterday we held within Friday's range with a low for the day 4 points above support at the October & short term 38.2% Fibonacci level of 2012/2008.
Longs here today need stops below 2005./
Eventually the market will probably refocus on lower interest rates & Gold will climb again. If we do bounce from 2000/1995 look for 2020/23, perhaps as far as 2027/29. Above 2030 look for 2033 & 2038/41.
Longs here today need stops below 2005./
Eventually the market will probably refocus on lower interest rates & Gold will climb again. If we do bounce from 2000/1995 look for 2020/23, perhaps as far as 2027/29. Above 2030 look for 2033 & 2038/41.