Gold Showing Off its Muscles

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Commentaire:

Looking for a break-out of MA100 to where we see 1280s/1307s -

Above idea requires further uncertainty in equities, ECB's printing, oil, and no fed hike (as per NFP guidance this week).

Commentaire:

Nothing to update here. Still on track to hit top target 1275s/81s and over to last years' high 1307s. Extension to Outer Long-Term Trendline highly possible specially if weekly remains above SMA100 1257s.

NFP might give us better entries - watching carefully this weeks' close, NFP data and market reaction.