Gold goes up by 170 pips last night because of Powell stated that they might cut rates this year. This statement slides USD down and the investors switch to Gold and Yen as a Safe Haven. However, the overall bias is still fundamental and it is still out of the trendline, plus Gold might fall so hard as well because of the win streak, and I expect some slippage this week or next week.
Gold is still a beast pair, please manage your risk very well.
Gold is still a beast pair, please manage your risk very well.