GOLD HOVERS NEAR 10-WEEK TOPS

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Currently, gold rises +0.13% to 1217.25, having posted fresh ten-week highs at 1219.50 earlier today. Gold benefits from a subdued trading activity seen around the greenback across the board, with the USD index meandering near 7-week troughs amid talking down of the US currency by the US Treasury Secretary Mnuchin, citing that an” Excessively strong" USD may be negative in the short term.

Our Latest Recommendation:
BUY GOLD 1212 TARGETS 1220 1230 STOPLOSS 1200
 
Greetings,
Be careful with long positions. A reversal formation as about to be formed, but it is not confirmed yet.
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