Pending Home Sales pushed Gold on lower levels. The market hasn't priced such impressive forecast beating and that is the reason keeping Gold within the low #1,500 - #1,510 zone. The Dollar is logically rising after such data and Buyers should put a very good defense tomorrow of the Hourly 5 Chart EMA200 at #1,495.20 in order to keep Gold bullish on the medium term. Daily Chart remains a Channel Up technically on the most optimal buy levels. If the Hourly 5 EMA50 breaks at #1,513.20 then technically the short term targets are #1,524.30 and #1,535.50. Below we will be testing the Daily Chart EMA50 which is now surprisingly on the #1,485.80 Support. I remain with my Bullish strategy.
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- Few other un-official channels are not mine, they are copies using my real information (impersonating me and my work / identity) so keep that in mind and beware of those.