Gold trading strategy in the next few days

Almost $20 lost the Gold price last week. The major reason for Gold losses are the expensive dollar see Last week the price of Gold down from $1286 to $1268 and continue this week to a fresh new bottom at $1248. If you see the Gold price in Euro you can see minimal changes. The Gold price in Euro changes with almost EUR 20 last week but the open and the close of the week was at price of EUR 980 - EUR 978. In spite the dollar rises last week more than 170 pips against the euro the Gold will remain weak against the dollar and euro. strategy is continue of the bearish trend during the week. In a very short-term recommend to buy Gold this afternoon in U.S. trading session and sell in late Asian session or latest in European morning session. If you hold short positions we recommend to keep it with higher profit.

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