Kevin C.B - XAU/USD
Hi;
From a technical point of view.
- Based on the support and resistance levels we might see a slight correction to 1740. Breaking that level might help bulls going to the 1760 directions, before seeing a correction or even breaking a new uptrend level.
- However not breaking the 1740 levels might indicate and bring us to a new lower low and higher low.
From a fundamental point of view.
- No much can be said. the dollar & stocks are still strong. US10Y is doing not doing very good. Which helps gold finding some place to compete.
Let me know your thoughts happy to hear,
Kevin
From a technical point of view.
- Based on the support and resistance levels we might see a slight correction to 1740. Breaking that level might help bulls going to the 1760 directions, before seeing a correction or even breaking a new uptrend level.
- However not breaking the 1740 levels might indicate and bring us to a new lower low and higher low.
From a fundamental point of view.
- No much can be said. the dollar & stocks are still strong. US10Y is doing not doing very good. Which helps gold finding some place to compete.
Let me know your thoughts happy to hear,
Kevin
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