reluctantplumber

Support from the Old Bear

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
While the most recent bounce is likely due mostly to lip smacking from Trump and Kim, We can see that the old bear trend has provided support. Something tells me that money managers will start to take a defensive stance very soon...
Comment:
What was support is now resistance - Dollar is key, watch out for continued dollar Bull.

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