Hello, guys,
Gold did not fail us , just rally from the right position or support.
Its clear that channel broken will send gold up to 1250 -1260 zone.
In the long term ,we still think gold will need to drop later Aug - Oct.
More and more central bank is joining the rate-rising club and showing strong desire to follow up.That would b a bad news for long traders on gold.
Less is more!
Gold did not fail us , just rally from the right position or support.
Its clear that channel broken will send gold up to 1250 -1260 zone.
In the long term ,we still think gold will need to drop later Aug - Oct.
More and more central bank is joining the rate-rising club and showing strong desire to follow up.That would b a bad news for long traders on gold.
Less is more!
