Will gold reverse?
Well, of course there will be a downtrend in gold but i don't think it will be a big reverse. Right now all we can see is a Strong Bullish momentum of gold supported by the inflation data, middle-east tension and demand of gold by central banks.
Additional negative news for USD will strengthen the percentage of rate cuts and eventually brings...
Gold still in its uptrend after news on Thursday, rate cuts percentage increases. For my prediction, a pullback near the 2400 area will occur and this will be affected by the news today.
Obviously negative news will help the gold to set a new high this week. So let us wait.
* BULLISH CONTINUATION
* 2400 AREA FOR BUYING OPPORTUNITY
* PAY ATTENTION ON THE CORE PPI...
