GOLD long
- The US stock indices upward momentum has weakened
- The EURUSD Bullish rally can support the GOLD
The US stock market indices are approaching the highest ever, but the upward momentum has weakened and downward correction may follow. In addition, EURUSD may expect a higher upward adjustment. The pair on the last week returned to the 1.093 support level, and from this level the pair can bounce. Considering these facts, and the fact that gold stay stable above the key support zone can start an upward movement up to $ 1,550-1575
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.