Gold remains to hold the spotlight heading into this week with lots of upside projection as the bulls begin to attack. Mild data across the week including the US core PCE data and other USD and china related statements to be released. For any downside opportunity Gold needs a daily close beyond $1,976 per Oz. to defy the first monthly negative closing in previous five months. All losses on Gold have been contained and modest whilst continuing to edge higher. The bullish sentiment is far too strong to be trying to pick or locate any tops at this stage.
As we move into this week I will keep this instrument updated for any immediate longs.
Hope everyone has a great week ahead!
:)
As we move into this week I will keep this instrument updated for any immediate longs.
Hope everyone has a great week ahead!
:)