Finally, gold is active now, after 6 years. I love this market.
I believe now gold is going to remain active until there is chance of dovish fed, which could be whole of 2019.
If there is a rate cut in July and Fed still remains accommodative for more rate cuts, the next resistance/ target I see is 1530 in weekly / monthly charts.
Also, the gap 1360-1380 isn't gonna get filled anytime soon. The support remains 1378-1380.
I believe now gold is going to remain active until there is chance of dovish fed, which could be whole of 2019.
If there is a rate cut in July and Fed still remains accommodative for more rate cuts, the next resistance/ target I see is 1530 in weekly / monthly charts.
Also, the gap 1360-1380 isn't gonna get filled anytime soon. The support remains 1378-1380.
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