The gold is set to climb further as it breached the key level 1300 in just one trading night last Friday.
The dollar has also broken its bullish structure, fell from the bottom of a rising trendline within a weekly inside bar, signalling that the dollar will fall further and the gold will be in demand.
A good re-entry for this bullish gold would be between 1299 and 1297.
By the way, do also look very closely at the stocks market because technically speaking, the plunge is way overdue just like the dollar.
The dollar has also broken its bullish structure, fell from the bottom of a rising trendline within a weekly inside bar, signalling that the dollar will fall further and the gold will be in demand.
A good re-entry for this bullish gold would be between 1299 and 1297.
By the way, do also look very closely at the stocks market because technically speaking, the plunge is way overdue just like the dollar.
