XAU/USD Daily Market Report - 10/02/2016XAU/USD
Market retreated again from 1200-10 resistance zone which giving signals about ability for trading zone between 1150 - 1210
Market closing to Janet Yellen 2-days testimony while market supports 1180
Below 1180 market will face 1170 and 1150 as support levels, while resistance at 1200 and 1210
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XAUUSD_SPY
XAUUSD/SPY - ratio may be bottomed - 1/6/2015Judging by the long term trend line breakout and RSI profile, gold/spy ratio may be bottomed. We will give it several more months to confirm (higher high, higher low thing, plus RSI breakout, then we will be more confident. If those do not happen, we know we will need wait longer....