Another day, another crazy move down by gold.
We are seeing a high amount of USD strength as Gold continues to drop through various support levels, the most significant one being 1939.
Anticipation here is for gold to continue down to 1909 now, with NFP on friday and the ADP news today being better than expected, price continuing down would make sense but as always, we wait for confirmations.
For those still in the daily sell swing trade posted two days ago congratulations on a $50 move.
We are seeing a high amount of USD strength as Gold continues to drop through various support levels, the most significant one being 1939.
Anticipation here is for gold to continue down to 1909 now, with NFP on friday and the ADP news today being better than expected, price continuing down would make sense but as always, we wait for confirmations.
For those still in the daily sell swing trade posted two days ago congratulations on a $50 move.
