CitRoN_RouGe

CitRoN_RouGe

EMA(10) and EMA(25) are doing good job as support levels since mid-July. Gold bulls are defending the borders pretty well, but it seems that there is an RSI divergence pattern forming on the daily chart. Either direction is possible for now. We need to watch on the coming days whether this is a reversal signal or an other pullback to spike further. Anyhow the...

CitRoN_RouGe

1295 level is critical. What we saw earlier this week is either a firm break-out to initiate a rally or a false break-out. Recently dollar weakness has been the driving factor on the trend of gold, so will continue to be in the coming weeks. No doubt today's US data has to be regarded as really firm data, NFP to follow. In case we see also a strong NFP data on...