As expected Gold broke through the Lower High trendline (which was holding since November #17) and as the #1,763.80 - #1,772.80 held, Gold turned again on Hourly 4 chart. The main driver behind today's session rise is of course the pullback on DX and Bond notes, and at the same time rise on Stock markets, as the markets are trying to get back on it’s current fair Technical trend area. Gold will get out of this Short-term Neutral zone when the #1,812.80 Resistance breaks, or #1,795.80 on the other side. Continue Buying as long as DX is on the decline. I expect aggressive Resistance break on tomorrow's session with #87.47% chances (last #25 Wednesday’s were the trend setters for week’s direction), as I will not hesitate to Buy if Price-action breaks the Resistance, however - if pullback occurs, I will Buy again from lower levels, since Gold is on undisputed .
Professional market analyst and Financial consultant with over #8 Years experience. I specialize Gold market using specific proven mathematical models. I provide market insights and Professional guidance.