sugardaddyFED

Gold Weekly - Need a Rally before a Crash

FX:XAUUSD   Gold Spot / U.S. Dollar
The rising dollar remains corrective. Today FOMC meeting minutes may remain dovish given most of the economic data has not been very supportive on the rate hike. Gold             need to find solid support and build a case to run up higher - seasonality in play. Another lower high at 1250-1290 are viable as long as 1178 holds in the short term. After 1250-1290, the bears could return with a vengeance.
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