Forex Strategy Video: Use Fundamentals to Gauge Gold's $1,400 - $1,300 Break
• Technicals offer up a possible inverse head-and-shoulders pattern versus a dominant bear trend for gold
• Fundamentals can help gauge a greater level of confidence for direction and momentum
• There are general four themes that guide gold, but its relationship to the USD is currently key
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The gold chart offers up a view of a broad range and an eventual breakout. But will the precious metal clear $1,400 or $1,300 first? Technicals find the dominant trend still backing the bears, but recent developments raise the stakes for a turn. Fundamentals can help establish a probable direction and point us to what key spark will turn congestion to trend. In today's Forex Strategy video, we discuss what fundamentals you should consider when trading gold.
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