The US dollar fell due to poor housing starts and construction permit data, superimposed on the decline in US stocks, gold rose sharply.
RSI seen reject the 50, and the stoch reached a oversold level
Gold rebounded at the 1400 mark and rose sharply. The short-term trend is on the rise. The intraday trading suggests that the dips will be long near 1420,and the target will be 1430.
*This is based on current market conditions which can change any time. All trades taken at your own risk
RSI seen reject the 50, and the stoch reached a oversold level
Gold rebounded at the 1400 mark and rose sharply. The short-term trend is on the rise. The intraday trading suggests that the dips will be long near 1420,and the target will be 1430.
*This is based on current market conditions which can change any time. All trades taken at your own risk