Gold pared most of its gains on a strong US dollar. It hits an intraday low of $3307 and is currently trading around $3311.
Any breach below $3305 (365- 4H EMA) confirms trend weakness and a dip to $3245/$3200 is possible. The strong US dollar and surge in US 10-year yield after strong US jobless claims and GDP data.
It is good ot sell below $3305 with an SL around $3330 for a TP of $3245/$3200.
Any breach below $3305 (365- 4H EMA) confirms trend weakness and a dip to $3245/$3200 is possible. The strong US dollar and surge in US 10-year yield after strong US jobless claims and GDP data.
It is good ot sell below $3305 with an SL around $3330 for a TP of $3245/$3200.
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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.