Gold Grinding higher towards key targets
Gold has been very choppy recently but the buyers are starting to win out in the daily time frame and dip buying off 1830 and $1810 for a revisit to $1870 makes sense as inflation fear globally underpin the precious metal.
We buying dips because the direct rallies have had many pullbacks and also the FOMC next week is a big risk to USD sellers as they are talking about early rate hikes.
But in the absence of news the tide is going up at the moment for Gold so any selloffs are the opportunity for buying.
We buying dips because the direct rallies have had many pullbacks and also the FOMC next week is a big risk to USD sellers as they are talking about early rate hikes.
But in the absence of news the tide is going up at the moment for Gold so any selloffs are the opportunity for buying.
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