Gold has been the basis of economic capitalism for hundreds of years which eventually lead to the paper money currency.
The dollar will weaken during this month and by end August we should see GOLD reach 2150
RSI is currently high, however there are many strong bullish traders..
Keep and eye out for fundamental news.
We are on the third wave however not at the...
After in depth analysis of both markets we are certain that we will see a drop to around 0.63000 by thursday evening or friday morning. This is derived from technical analysis but mainly analysing the economies.
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major resistance above 113.230
The usa has declared a holiday today (5h dec)
Japanese economic calendar has 2 data release tomorrow (6th dec)
yen will gain value against dollar, hence bearish will play out tomorrow
112.950 next target
