The shiny metal #gold has limited resistance until $1236 as US #Dollar Currency #Index should maintain its weight above 96.33 for a channelized healthy market.Though we have some probable possibilities on the other hand which can be unfavorable for short sellers,but we can carry on bear trend with higher selling until $1236.
The shiny #metal #gold settling lower against US #Dollar which is an index of measures to six prominent #FOREX pairs.
1. Central Bank decision 'hawkeye' .#US
2.The geopolitical menace outlook
The monthly picture for Dollar Index looks dizzy with moving average of 20 days is above the price which is bear mode and there are two blue levels levels which developed a range. Can be taken as support and resistance with break out strategy in mind.
