Good Evening
Hope you are all having a fabulous week so far. The Swissy and EURGBP have been producing some nice profits.
I mentioned the Gold chart around this time last week. Price has come up to test the 1000 mark went through it but the sellers outweighed the buyers in the market and pushed the price back down. Some tell tale signs were apparent to help us along the way such as the major RN, and reversal candlestick formations in addition to the previous resistance of course.
As always there is still a chance that the buyers may gain dominance and try again to get through this huge psychological barrier as the dollar weakens. For the smart money, the position will be to keep a keen eye to see what the price action reveals and act accordingly.
Good Trading!
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