Has a chance of reaching 1450 area
Why Long?
People may have switched longs because hiking rates means stocks to fall so switched gold longs GOOD? (Generally the agreed principle.)
USA dont want to push for a stronger dollar now it seems. Fair Trade as Trump Calls it.
JPY authorities have been unloading USA Debt as I saw in an article. So yen becomes stronger and UJ kept short biased eventually some help in hand for GOLD bulls.
Why Long?
People may have switched longs because hiking rates means stocks to fall so switched gold longs GOOD? (Generally the agreed principle.)
USA dont want to push for a stronger dollar now it seems. Fair Trade as Trump Calls it.
JPY authorities have been unloading USA Debt as I saw in an article. So yen becomes stronger and UJ kept short biased eventually some help in hand for GOLD bulls.
Note
Indian Gold Markets will recover from 2016 lows.gold.org/research/indian-demand-will-recover-from-2016-lows
Globa Gold demand comes up 2017 HIGHS?
smarteranalyst.com/2017/03/31/direxion-shares-exchange-traded-fund-trust-jnug-gold-demand-to-drive-price-uptick-in-2017/
Higher the demand higher the price
Note
Tomorrow RBA Supply could help GOLD 1280 !!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.