RobertSoos
Long

Spot gold break out - potential take profit levels

FX:XAUUSD   Gold/U.S. Dollar
a year ago
When markets start to price inflationary pressure it is usually good time to buy gold             . However if economic data is going to be dissapointing plus crude prices halt their ascent, gold             will fall back. Need to wath for crude prices for correlation...
a year ago
Comment: 1- Yesteday's (Oct. 8th) Fed minitues were rather tuned dovish
2 - Fed funds futures price rate hike only for 2016 March.
3 - USD in weakening good for broad base of commodities especially Oil and METALS
a year ago
Trade closed: target reached
RobertSoos
a year ago
Waiting for a pullback on GOLD (XAUUSD)
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