Gold- stuck in range
Gold spend last week in a 300 pips range between 1885 and 1855 and Friday's close found it just in the middle of this range at 1870.
Next week could clarify things with a break above 1885 signaling that the correction is over and the price is ready to resume its long term trend or a break below that could bring more losses for the yellow metal.
I'm slightly bullish at this point and a break bellow 92 from DXY could put gold on truck and above 1900
Next week could clarify things with a break above 1885 signaling that the correction is over and the price is ready to resume its long term trend or a break below that could bring more losses for the yellow metal.
I'm slightly bullish at this point and a break bellow 92 from DXY could put gold on truck and above 1900
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