Currently trading at an area of resistance @ 1745
Gold has to treat this area as support for it to be bullish
if it breaks above 1750 and falls below it again then we expect the pair to
fall back to 1730-1720
But if it manages to break above 1750 and treat it as support then this will
create an opportunity for the pair to test $1800 again.
Keep an eye on US10Y & DXY
COT Report still shows Gold as bearish
Gold has to treat this area as support for it to be bullish
if it breaks above 1750 and falls below it again then we expect the pair to
fall back to 1730-1720
But if it manages to break above 1750 and treat it as support then this will
create an opportunity for the pair to test $1800 again.
Keep an eye on US10Y & DXY
COT Report still shows Gold as bearish
