Gold Prices Remain at Risk of Further Declines
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications GOLD – Last week we noted that Gold may have set an important low as it bottomed into a key cyclical turn window. Yet failure at key resistance of $1315 keeps our short-term focus to the downside, and indeed a break below $1270 would instill further confidence in our calls for Gold price weakness.
See next currency section: GBPJPY - Forex Sentiment Sounds Warning on GBPJPY Uptrend
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Automate our SSI-based trading strategies via Mirror Trader free of charge
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
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.