goldTrading Outlook

Gold: Daily forecast/pips hunting

Diminishing Safe Heaven Appeal.

Due to the easing factors amid President of USA speech last night.

we are in the view that gold is going to shade away the appeal of safe heaven temporarily.

Therefore we are now searching to sell this market below. 1557 for the target of the 1531/1515 area.

wheres the stop loss would be appropriate around, 1565.

Break of 1565 might have opened the path of the 1572/1579 zone.