Here is FPA's current analysis on gold.
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GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
DislikedHi All, in this volatile market condition, its very hard to find some good trading opportunities. Since last 20 days , Gold is into consolidation without any resemblance to technical. Here I have found one trade setup in which I am short from about 1675. As usual, stating following reasons. Technical Reasons:- Rising wedge with noticeable volume and price actions divergence. Breakout expected at below 1660 with technical target to 1461. Fundamental Reason:- Though USD is falling since last week because of the weak job data, I think from next week...Ignored