Quick Update for my GOLD trade.
I made post about a short GOLD trade at 1805 dollars and we went all the way down to 1730 dollars!
The target is at around 1700 to 1715 dollars but we might get a little consolidation phase right now.
The strong US Dollar is causing GOLD to be very weak and also the fear in the markets is a high pressure for GOLD.
But GOLD is right now running into support at the range of 1740-1755 dollars and the EUR/USD pair is reaching parity soon, so the USD would maybe get a bit weaker.
I made post about a short GOLD trade at 1805 dollars and we went all the way down to 1730 dollars!
The target is at around 1700 to 1715 dollars but we might get a little consolidation phase right now.
The strong US Dollar is causing GOLD to be very weak and also the fear in the markets is a high pressure for GOLD.
But GOLD is right now running into support at the range of 1740-1755 dollars and the EUR/USD pair is reaching parity soon, so the USD would maybe get a bit weaker.