Gold has been moving in a channel ( Symetrical Triangle ) for the past moments, this was then followed by a fake out bearish break, then upon a return in the channel, a bullish break resuming the up trend that started in the first days of the month of august.
The US news triggered unrest in the markets with stocks seeing green and USD pairs moving strongly and eventually a break in the bullish trend in gold. As of now, the unrest is gone and gold is back in the channel. In the view of recent adjustments in the US economy, it is more likely to see the value of gold decreasing a bit before rising sharply then continuing the bullish trend.
The safe move would be a buy above 1510.
The US news triggered unrest in the markets with stocks seeing green and USD pairs moving strongly and eventually a break in the bullish trend in gold. As of now, the unrest is gone and gold is back in the channel. In the view of recent adjustments in the US economy, it is more likely to see the value of gold decreasing a bit before rising sharply then continuing the bullish trend.
The safe move would be a buy above 1510.