GOLD- should we turn into a buyer yet?
If you guys have seen our recent analysis on gold you know that we have been shorting it all the way from the 1540s. Due to the recent US-CHINA negotiation optimism + a surprisingly better employment data earlier today, we have seen a sell-off in PMs and Yen.
In our opinion, there are some good stops at and below the 1520s and we may see a run down near 1500.
Based on our technical view, we have a demand zone at 1496 level, marked in green. We may turn into a buyer at those levels.
We continue to monitor as we go!
In our opinion, there are some good stops at and below the 1520s and we may see a run down near 1500.
Based on our technical view, we have a demand zone at 1496 level, marked in green. We may turn into a buyer at those levels.
We continue to monitor as we go!
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