Gold Going With The Wind
Gold looks like it might drop lower to 1716 range, 1700 range and maybe 1680 range. Gold doesn't directly mirror indices in my opinion but I think Friday's slump in the stock market lead to gold falling short. If Nasdaq and other indices keep bleeding gold could get cheaper until bulls kick in. Also, its NFP week, and that's usually when unexpected things happen and often times even your best analysis might betray you. Trade safe and risk manage.
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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.