Gold
THIS IS NOT A TRADING SIGNAL, ITS AN OPINION, IF YOU COPY IT, IT IS ON YOUR OWN RISK.
Gold has made newer high last week, but it has field to break through and keep moving up wards, went for retest the strong support at $2330 but it has field to hold and push back to the up trend and broke the up trend line.
So far the game has changed a bit due to the up coming Fed Rate, which strongly expected to keep the rate at same 5.50%, and that will push the Gold down to the levels $2250 and then $2180 which is a strong support that we will see a strong pull back from that level if the price pushes to that level, expected a lot of buyers around $2180 level.
Gold has made newer high last week, but it has field to break through and keep moving up wards, went for retest the strong support at $2330 but it has field to hold and push back to the up trend and broke the up trend line.
So far the game has changed a bit due to the up coming Fed Rate, which strongly expected to keep the rate at same 5.50%, and that will push the Gold down to the levels $2250 and then $2180 which is a strong support that we will see a strong pull back from that level if the price pushes to that level, expected a lot of buyers around $2180 level.
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