Gold nurses some of yesterday’s losses as it rebounds from support near the 1920.00 level but with upside limited in the aftermath of disappointing Consumer Confidence data and amid month-end factors at play with Citi suggesting FX hedge rebalancing flows point to a bias for net USD selling next Monday as this month’s relative outperformance of US equities has likely left foreign investors under-hedged.
Upside bias remains intact...
Long Gold...
Upside bias remains intact...
Long Gold...