Gold Prices Will Likely Continue Lower

| 23 maj, 2013 | 0 kommentarer

ssi_GOLD_body_Picture_12.png, Gold Prices Will Likely Continue Lower

GoldRetail FX crowds continue buying into Gold price weakness against the resurgent US Dollar—we like doing the opposite and selling into weakness.

Trade Implications – Gold: There’s a risk that Gold’s failure to take out fresh lows leaves it in a good position for a bounce. But we’re sticking to our guns here on a potential for US Dollar strength, and very one-sided retail sentiment leaves us plainly in favor of Gold price weakness against the resurgent USD.

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *