Since I have shared all about GOLD. It's main trend is down and still moving down, so you have to just follow a simple logic that price will go up and fall back, just see candlestick where it's forming a strong signal towards down just pull your trade.
Still there is no such mark of uptrend in news or anywhere. I think it will take inverse in next month or...
Gold vs. the US Dollar
Today, while governments maintain hoards of this yellow metal, none uses it to back their paper money. Gold is usually denominated in U.S. dollars. Therefore, there is a relationship between the price of gold and the dollar, in that there can be an effect on gold prices as the value of the dollar rises and falls.
While the relationship...
NOT TRADING THIS MOVE!
I think once more leg and drop it like it HOT. Every indicator is exhausted. This is a wave 5 bubble and when it pops, don't get burnt!
Where it goes up to is anyone guess now - the yellow lines mark some daily candle resistances - but really this is nothing significant. - It's in the hands of the big banks now to wheel the retail traders...
