SignalSwiss

GOLD: rebound and new low?

FX:XAUUSD   Gold / U.S. Dollar
572 7 16
The take profit is published in our old weekly analysis published below:

GOLD: bearish trend confirmed?
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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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I think the bearish analysis for now was better. IMO gold will fall to 1158 area before rebound.
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that's a good sell zone bro, if that gives away then 1201-1208 next sell zone.
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Update GOLD:
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SignalSwiss TOP SignalSwiss
but tomorrow.... NFP!!! :)
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GcNaif MOD SignalSwiss
good one Signal, i m with u on this ,
Short based on Current Price action on Gold
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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
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