GOLD; most valuable steel.
In the midst of reacting against USDollar, both on Non-farm payroll & next FOMC statement.
Weekly showing price in the major downtrend, but price breaks minor trend and forms a new high. So minor trend is now a retracement upward.
We should see in next few days or weeks before major movement to be determined.
Should the current price break major trendline? Or USD just get stronger against GOLD and drives the price to the ground?
Let see.
TAYOR
#FXtremist
Weekly showing price in the major downtrend, but price breaks minor trend and forms a new high. So minor trend is now a retracement upward.
We should see in next few days or weeks before major movement to be determined.
Should the current price break major trendline? Or USD just get stronger against GOLD and drives the price to the ground?
Let see.
TAYOR
#FXtremist
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