Despite what is being said about our favorite commodity being bullish , we're still on a downtrend on the 4H, Daily and Weekly chart, we have reached beyond 1505.00 with a huge spike during the FED Speech, but our bulls didn't manage to pass the trend line . Mixed positive and negative news for gold since the start of the week got us confused about the metal's path, but due to the strong trend influence I'll be expecting the metal to follow the trend and I'll be shorting. TP1 - 1486.68 TP2 - 1460.30 TP3 - 1446.94 SL- 1512.34 Trade responsibly with risk management.
I think this is on trend. Many are showing a spike up and dreaming of the 1515 figure.
RandyFuego
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@Billy_85, I believe it'll follow the trend as well. It's all down to how Asia reacts to the market when they enter. but so far gold seems to be pushing upwards.