FREE RAPID SIGNAL SELL SOON* Gold (XAU/USD) Gold fell | Focal Community Group (FXSignals)

FREE RAPID SIGNAL
SELL SOON* Gold (XAU/USD)

Gold fell quickly during early European trading but stabilized and pushed just as quick back above $1,735 during US pre-market trading helped by a slight pullback in the dollar and weaker-than-expected jobless claims. Initial jobless claims climbed again last week, rising to 362,000 (vs. 335K expected) as hiring in the US seems to slow down. However, I don't see a turn around and believe that the dollar remains supported by expectations (as well as hawkish comments from Fed officials) that the US Federal Reserve would soon start tapering its monetary support despite a slowdown in hiring. Expectations of a tighter monetary policy will continue to boost US Treasury yields which remain bullish in my opinion. The surge in gold is thus temporary. We position us SHORT again soon. *Gold continues to rise for now but will face increasing resistance in the range $1,737.50 - $1,742.50.

Tip: Multiply your usual lot size by ~ 0.50 – 0.75 (50% - 75%) trading Gold (XAU/USD).

Signal delayed by ~ 20 minutes
(non-delayed signals in VIP group).


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