simonsays452
Short

Gold technically and fundamentally weak

FX:XAUUSD   Gold/U.S. Dollar
70 0 1
5/25: Gold's fundamentals and technicals look weak.

Fundamentals:
Rate rise fears, renewed USD strength, $ES_F strength paints optimistic US econ picture and positioning data is awfully one-sided.

Technicals:
Broke down below two key support levels, Ichimoku cloud , ascending bullish trendline support and it looks ripe for a test of the 100 day at 1214.

Expect further weakness.
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