DailyFX |
Gold Forecast: Dovish Fed and US-China Deal Needed for Topside Breakout
DailyFX The 50 (1215) and 100DMAs (1210) provided support for Gold, while the resistance from the 200-week MA (1233) prevented a topside breakout. Given that there are little signs of an imminent breakout. The view for the upcoming week for Gold is neutral. As Fed rethinks path for rates, gold poised to rally in 2019 |
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