Gold giving its best impression of an upside attempt – something not seen in a while
FXstreet.com (Barcelona) – Gold futures are up modestly thus far on Tuesday after posting an indecisive “doji” candle on Monday. Plenty of work to do before chart has a chance of becoming bullish again.
Gold seeing a little interest as the euro and Yen bouncing weighs down DXY
This may be a very short-term positive for gold, but at this point the gold longs will take what they can get. For gold to see some serious buying interest, though, a breakdown in the DXY below 80.53 support will need to occur in all likelihood.
Technical outlook for gold
Technicians say …read more