Gold Showing Off its Muscles
Updated
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Note
Looking for a break-out of MA100 to where we see 1280s/1307s - Above idea requires further uncertainty in equities, ECB's printing, oil, and no fed hike (as per NFP guidance this week).
Note
Nothing to update here. Still on track to hit top target 1275s/81s and over to last years' high 1307s. Extension to Outer Long-Term Trendline highly possible specially if weekly remains above SMA100 1257s. NFP might give us better entries - watching carefully this weeks' close, NFP data and market reaction.
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