TVC:GOLD Gold prices rallied to refresh the day's high as buyers celebrated a two-day winning streak, after refreshing a 10-week low. In doing so, XAU/USD doesn't justify the latest DXY rally but cleverly cheers falling Treasury yields.
Gold prices edged higher past resistance turned support at 1,955$ including the 5-DMA and the previous monthly low.
GOLD bounce also broke through the immediate support of 1,975$ including the 23.6% Fibonacci in one day to further convince the commodity bulls.
I would consider selling TVC:GOLD at1963-1965 Stoploss1975 My own expected return is1958-1952-1945
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