Will Gold be able to break-out in EUR terms ? I expect a big move down in the EUR/USD, maybe this time Gold will be able to rally together with the Dollar ?
The strength of the EUR has pushed the gold price down. Apart from this fact, GOLD is undervalued in EUR. Strong resistance at 1.150 EUR. If the war scenarios continue, a further additional up could be expected. It is also possible that the USD will stabilize against the euro until end of the year. This also makes a stronger up possible. Let's see what happens....