The initial target for downside breakout of the 1984 region is met with Gold ended the week at key support region.
The strong downside move of Gold can be primarily linked to the appreciation of the Dollar.
With Gold being at key support level and the Dollar being overextended, there is a high possibility that the key support will hold and Gold will begin to trade towards the upside at least for the short term.
The strong downside move of Gold can be primarily linked to the appreciation of the Dollar.
With Gold being at key support level and the Dollar being overextended, there is a high possibility that the key support will hold and Gold will begin to trade towards the upside at least for the short term.
