For those who are carefully reading my XAUUSD studies, I have underlined many times that GOLD has at least 1180 as a target if not bellow before one could enter long . In addition to that, for those who are waiting to enter long GOLD,
you need to wait for FED's to increase its interest rate.
On the macro economic terms, there is yet no reason to enter long GOLD because today the price is more expensive then tomorrow and cheaper then yesterday.
Gold may be a safe heaven when FED's decides to increase its interest rate but we are not there yet.
Therefore the initial observation benchmark remain 1180 if not bellow.
you need to wait for FED's to increase its interest rate.
On the macro economic terms, there is yet no reason to enter long GOLD because today the price is more expensive then tomorrow and cheaper then yesterday.
Gold may be a safe heaven when FED's decides to increase its interest rate but we are not there yet.
Therefore the initial observation benchmark remain 1180 if not bellow.
