GOLD LONG: 38.2% Fib, USD weakness

EURUSD and DXY have broken key resistance and support levels respectively.

USD will be weaker going forward, as current account differentials force capital outflow from US.

Rising UST yields will not help the USD.

Therefore, gold has strong bullish technical and fundamental arguments.

ความคิดเห็น:

Good progress, holding for 1300