Xauusd buy confirm signal
Gold price (XAU/USD) pulls back after refreshing a record high on Wednesday and touches a daily low, around the $2,655 area heading into the European session. The prevalent risk-on mood, along with slightly overbought conditions on the daily chart, prompts some profit-taking and exerts pressure on the precious metal amid a modest US Dollar (USD) uptick. Any meaningful corrective slide, however, seems elusive amid bets for a more aggressive policy easing by the Federal Reserve (Fed). This should act as a headwind for the USD and could offer support to the non-yielding yellow metal.
Gold now buy 2656
Target 2700
Gold now buy 2656
Target 2700
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Gold buy 120 pips running Catatan
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Gold buy 130 pips running Catatan
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Next Target 2705Catatan
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