sreebhashyam

XAU - SOLVING X IN AU

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SAXO:XAUUSD   Guld / USA-dollar
Gold has been muted actor in the recent drama that is unfolding in Financial markets. Being it equity, interest rates or the FX. However, this throws couple of curious points regarding its probable price trajectory. Is it in its way up or weighed down by the mighty dollar. The dice is not clear yet. However, it s worth getting the set up right early in the move. The picture throws potential inverse head and shoulder (above 1800 daily close). A hourly close above 1825 will confirm and 1830 break will close the debate for move towards 1870. Buy on break of 1825 add any dips 1817 stops 1804 for eventual break of 1830.

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