With no major news to move the Gold market, traders and investors are quickly losing interest in holding any Gold positions and are likely to get rid of them, reason being it's not bringing them any revenue. That's why according to some market experts and analysts Gold is yet to find the bottom below $1,000.
Chart: H1 XAUUSD
Interesting to read, thank you.
ReplyDeleteIt's very likely gold to reach levels close to 1193.83.
ReplyDeleteLooks like it will keep pushing lower.
ReplyDeleteI guess the NFP will dictate the way.
ReplyDeleteSeems to go even lower
ReplyDeleteVery useful.
ReplyDelete