Risk sentiment has been lower with Dx finding yield to the downside. U.S. Average Hourly earning slip along with Unit labor costs QoQ(-1.6%) , NFP missed expectations by a long shot , ISM Manufacturing Pmi growth slower than expected and the fed proved they arent shy of cutting rates this year. Daily and Weekly gold has broken out creating new recent highs and look to further test January '18 high $1,365 and a break there bulls will go for July '16 high of $1,375
Commentaire:
As of 6-4-19 Large spec Gold net long positions have risen 44% since previous or +69.4k
