Posted by: Gold Analyst January 6, 2017
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Right now, USD is weaker, so gold is in bull. We have to see if gold cross above 1200, then it is a bull run for a while. Otherwise, it is just an oversold bounce, which will likely go down if USD raises.
But, don't trade thinking that gold will be in bull run. But, condition might change if war or trade war breaks out.
Will be updating more about it if there is more positive comments in this discussion.
Last edited: 06-Jan-17 01:23 AM