Two Possibilities and both are bullish.
GOLD is no Sell due to two reason.
First It is a strong bullish trend. So Do not go against the trend and especially with GOLD. It is like you are playing with fire.
2nd Fundamentally, The US dollar is weak. They are printing a lot of money and due to this Inflation increased and Gold is always considered a good hedge against inflation.
Also, We are entering into the NFP Week.
So If NFP Data comes out negative then
1960 is the easy target,
before a solid correction begins.
GOLD is no Sell due to two reason.
First It is a strong bullish trend. So Do not go against the trend and especially with GOLD. It is like you are playing with fire.
2nd Fundamentally, The US dollar is weak. They are printing a lot of money and due to this Inflation increased and Gold is always considered a good hedge against inflation.
Also, We are entering into the NFP Week.
So If NFP Data comes out negative then
1960 is the easy target,
before a solid correction begins.
