This is a good place to build on long for TP of at-least $1600, on the downside $1548 is good spot and $1525 is the monthly support. I would rather add shorts above $1580+ if i can see price getting rejected by 10 ema and forming a lower high structure on 4 hr, but for now i am anticipating FOMC next week to bring more fireworks on this pair.
I have been short , i don't see stock market falling everyday and gold being sold to cover margin calls , its just not a sustainable process.
I have been short , i don't see stock market falling everyday and gold being sold to cover margin calls , its just not a sustainable process.
