moves awaiting the Gold$ in possibility of the $1110 level breach we can see upside moves to the $1130 level. This is where we will see the trendline
come into play. Possible US Data this week I.E FOMC minutes will have a major role to play with the outlook of Gold
. Potential recovery to the upside of $1200 in the next few months or further downside to $900 per ounce. It would be wise to look into any fundamental news out of gold
mining companies such as supply and demand
stats. In the past when gold
would drop below $1200 gold
miners have known to boost up the prices with cutting supply.