If you guys have seen our recent analysis on gold you know that we have been shorting it all the way from the 1540s. Due to the recent US-CHINA negotiation optimism + a surprisingly better employment data earlier today, we have seen a sell-off in PMs and Yen.
In our opinion, there are some good stops at and below the 1520s and we may see a run down near 1500.
Based on our technical view, we have a demand zone at 1496 level, marked in green. We may turn into a buyer at those levels.
We continue to monitor as we go!
In our opinion, there are some good stops at and below the 1520s and we may see a run down near 1500.
Based on our technical view, we have a demand zone at 1496 level, marked in green. We may turn into a buyer at those levels.
We continue to monitor as we go!