Gold now comes back under SMA200.
Gold also reaches into Kumo cloud. Remember that Kumo always attrack price, it looks like a cyclone in reality.
If gold breaks 50% Fib retracement : 1285.50
the next target will be : 61.8% fib retracement at 1260.50
Watch the level to trade.
US economic data next week would provide catalyst for sell-off force of GOLD.
Gold also reaches into Kumo cloud. Remember that Kumo always attrack price, it looks like a cyclone in reality.
If gold breaks 50% Fib retracement : 1285.50
the next target will be : 61.8% fib retracement at 1260.50
Watch the level to trade.
US economic data next week would provide catalyst for sell-off force of GOLD.