GOLD bull train soon to set in....
It has been a minute since we have updated GOLD XAU/USD, but we are excited to finally bring a new bullish bias back. If we maintain above $1,750 this week, we are set for much higher prices to come. Looking later into next year and we are forecasting new highs. We are keeping it clean and we are anticipating a respectful bounce off daily moving averages and movement continued higher over this week.
The dollar is notwithstanding ongoing work down under and across the NA border, the Greenback has clawed back some losses vs G10 counterparts to the extent that the DXY got back to within striking distance of 91.000 at one stage and not far from a couple of technical levels that would be constructive from a chart standpoint if breached and held on a closing basis.
The dollar is notwithstanding ongoing work down under and across the NA border, the Greenback has clawed back some losses vs G10 counterparts to the extent that the DXY got back to within striking distance of 91.000 at one stage and not far from a couple of technical levels that would be constructive from a chart standpoint if breached and held on a closing basis.
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