this pair has been very strong even though we have seen volatility in other counters. wait for the direction. Trump has made the market so volatile that all we can do is follow the path where it goes rather than thinking where it can go.
the gold fell from 1370s and hit the bottom of 1120s... very interesting point is it gave a correction till 38.2 level.. now can short and target 1133 again.. no strong fundamental supporting to buy gold
correction in gold can be expected till 1193 near around 38.2 fibo level.. i will have a short position from there and target will be the last year support of 1082 with sl of 1227.
we need some crisis for save haven demand to rise until stick with dollar