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Could be due to oil.
UJ broke 111.16....looking bearish. Gold could see a spike up and attempt to go over 1210-1212...
USD looks weak...I won't be shorting this...
In 4 hours' time, BOC Government Council member Wilkins will have a speech...maybe it will trigger a waterfall here.
I think it stopped at our Point 2, has trouble going to 1210.
Not sure how Aussie news will impact this pair; I think BOJ will impact this more. Just my two cents.
I believe we are looking at the same structure/idea, just that our figures are a little different ($1-2 difference, but that's not a big deal considering it's gold).
1200 level tested. Now let's see if we hit 1205.
That will mean a huge sell-off for USD....
On a day with triple swap? Very bold. Good luck. I think it's going down, but I'm holding my horses.
I agree. I believe gold will make another attempt to go above 1200. Will be watching 1200, 1205 and 1212 levels with keen interest.
NAFTA being concluded is not bullish for the USD. At the moment, people are buying USD because they are concerned a deal cannot be reached. Once a deal is reached, these people will unwind their USD buy positions, which means USD/CAD should come ...
I believe we drop back to 143.20 levels.