GOLD: rebound and new low?

FX:XAUUSD   Gold Spot / U.S. Dollar
573 7
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Update GOLD:
SignalSwiss SignalSwiss
but tomorrow.... NFP!!! :)
GcNaif SignalSwiss
good one Signal, i m with u on this ,
agreed on your analysis - yesterday weakness in USD and equity market failed to rally the bull camp - thus raise big question mark on the recent price action in gold - holding shorts and target anywhere in that blue rectangle. Once that happens - i will consider building long positions
that's a good sell zone bro, if that gives away then 1201-1208 next sell zone.
+1 Reply
I think the bearish analysis for now was better. IMO gold will fall to 1158 area before rebound.
+1 Reply
agreed on this temporary corrective rally which will hit 50% fib of the recent high to low - dollar index rebound should undermine higher gold prices and often May is a terrible month for gold. Looking to build long as we come to end of May - as dollar index is also on corrective rally
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