XAUUSD: Short Term Outlook
With rising geopolitical tensions between "Trade Wars" and tension between Iran and US, this should be enough to support Gold Prices...
Seeming to be indecisive after reaching $1,3000 mark dropping to current $1286.825 - this could be in part of upbeat comments with US and China - and with Greenback holding a strong position it seems like Gold isn't ready for a rally.
I'm looking for a retrace to 1291.500 TP before watching for market confirmation or failure of break.
*Not Professional Advice - Would love to hear your view!
- Krecioch
Seeming to be indecisive after reaching $1,3000 mark dropping to current $1286.825 - this could be in part of upbeat comments with US and China - and with Greenback holding a strong position it seems like Gold isn't ready for a rally.
I'm looking for a retrace to 1291.500 TP before watching for market confirmation or failure of break.
*Not Professional Advice - Would love to hear your view!
- Krecioch
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