Gold broke 1190/95, 1170 is next!

gold 06.03.

I wrote in my gold analysis from March 04., that I don’t see the reason for gold to move up and here we are two days latter, 1175 for now. After strong NFP numbers gold tumbled from 1199, trying to catch next bears target at 1167/72, the previous support from December and January.  Could that level hold this strong decline today? Possible, but I wouldn’t search for long, not today.


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