I don't think this is yet the end of the Gold -0.08% (AUD) price fall and surely more in next couple of weeks for more Bearish pressure.
USD is still having a much stronger outlook on hawkish plans for interest rates and rise in foreign investments in US creates a more bullish USD.
118 is a very strong Resistance Level and breaking above 118.650 only means 123 is next.
I wouldn't be short on USD while its year end and alot of crazy things happening around the world right now since USD is a safe haven and has a great outlook of 3 rate hikes in 2017 as per Chair Yellen.
Shorting half the amount I usually trade .... just to avoid waking bulls...
Seems like something struck early these few days. Cant go lower than this with US changing presidents and few proxy wars on its hands. Brexit fear is just over-rated. GBP should be Flying while EUR & GBP will remain more or less the same with a women running the show in london.
Well, I dream in Fairy Land where Trump becomes president throwing USD to Hell & Apple to Heaven.
I see good data past week pushing USD Higher and Crude to Retrace on the 50USD supporting that Fiber Fall in next Few Days.
US Elections is on the 8th Nov, Guess What Date is that 21 Fibonacci Time Zone ?
Soon after President Trump is in the White House, With a...