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Exercise-Discipline

GOLD LONG: 38.2% Fib, USD weakness

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
Exercise-Discipline Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold goldlong XAU XAUUSD USD DXY
4
0
gold goldlong xau xauusd usd dxy
EURUSD and DXY have broken key resistance and support levels respectively.

USD will be weaker going forward, as current account differentials force capital outflow from US.

Rising UST yields will not help the USD.

Therefore, gold has strong bullish technical and fundamental arguments.
Comment:
Good progress, holding for 1300
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