This weeks direction for gold is likely to be decided by Wednesdays FOMC statement..September FOMC statement generally has a big impact on US$ and Gold Prices...
Hawkish statement US$ will surge therefore a more corrective decline for Gold and Vice Versa
Value levels for gold 1300-1310 ..wait and watch fr this weeks closing below or above these value levels and u will have ur next trending zone...above 1310 expect tgt of 1345-50 and below 1300 expect 1275.
Hawkish statement US$ will surge therefore a more corrective decline for Gold and Vice Versa
Value levels for gold 1300-1310 ..wait and watch fr this weeks closing below or above these value levels and u will have ur next trending zone...above 1310 expect tgt of 1345-50 and below 1300 expect 1275.
Comment:
Close below 1300 opened the gates fr 1275.....
Comment:
Sell on rise fr 1265 soon.....major support at 1250 zone yellen to speak and non farm payroll key factors to watch this week.