Excellent session yesterday

Technical analysis: Gold remains top tier safe-haven at the moment and prolonged weakness on DX isn’t going in Sellers favor. #3,357.80 (news aftermath) test way above #3,352.80 benchmark test sequence (Gold tests record High’s on Monthly basis) was quiet straightforward, where break of mentioned level has #3,400.80 psychological benchmark as an Buying Target to pursue. Gold didn’t appeared as underpriced since by my estimations, these are fair Technical values on Gold as this could be the first Month lately to close in hard gains. Downwards dynamics should start pressuring smaller charts however (Selling options will certainly appear) as current area should be Traded / Sold between local Top’s (what I successfully did).


My position: I have waited for Gold to Bottom out near #3,318.80 - #3,322.80 and aggressively Bought the Bottom which delivered spectacular returns (monitoring DX on Selling sequence which added significant Buying pressure). Keep in mind that Gold has #3,400.80 benchmark on the cards now as an decent possibility.