Tuesday, September 11, 2018

Gold vs. Dollar ... has not lost its luster and 1207 levels are the crucial point


Following the gold movements during this week and despite all the positive US data, the gold which retreated for hours to the lowest level of 1188 rebounded directly to the initial resistance 1199, which fell back again
But gold trading and the pattern of price action is considered to be accidental so far, which means that we are waiting to move in one direction and sharply during the coming period
We may see a test for higher levels but a break above the 1207 level will be the signal we are waiting to open for big deals on gold with targets around 1235 and 1275
We expect to end the year near the 1300 levels anyway. If the United States faces political crises during the rest of the year, we may go quickly to our core targets at 1450

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