I am Slightly Bearish for now.
Overall, we are still on the bear side and last Friday move causes a nice wick on the weekly candle.
That shows the first sign of bulls are fighting back and it also proves that 1,260 regions is a strong support.
The slide of USD may be ending soon and it is unlikely for gold to go below 1,240
We have FOMC on late Wednesday.
Trade Safe.
S0nic
Overall, we are still on the bear side and last Friday move causes a nice wick on the weekly candle.
That shows the first sign of bulls are fighting back and it also proves that 1,260 regions is a strong support.
The slide of USD may be ending soon and it is unlikely for gold to go below 1,240
We have FOMC on late Wednesday.
Trade Safe.
S0nic
Telegram: t.me/sonictraders
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