Hello Traders, Dollar is weaking across the board but Gold is on a short term downtrend. Expecting further capitulation as shown in this projection. People turning into Gold as uncertainty mounts. Smart money knows this they are in for the kill. Trade safe, Trade well.
Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal. We will have 7 more days of uptrend which can bring the price to 1348 or higher. Trading idea: Long at: 1293 Take profit: 1348 Stop loss: 1255
Short - take profit : 1280 long 1280 - take profit : 1300-1305 Good Luck