FX:XAUUSD   Gold Spot / U.S. Dollar
We expect gold settle around $1678 today or tomorrow. Daily trend is bearish. Oil is going up signalling less uncertainty, most of markets are around 1% up, S&P500 future is also up, so we expect when US market opens investors shift from gold to higher return stocks. There is very strong support at $1700. If this breaks today then we should expect even lower price for gold in coming weeks.
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