Risk sentiment has been lower with Dx finding yield to the downside. U.S. Average Hourly earning slip along with Unit labor costs QoQ(-1.6%) , NFP missed expectations by a long shot , ISM Manufacturing Pmi growth slower than expected and the fed proved they arent shy of cutting rates this year. Daily and Weekly gold has broken out creating new recent highs and look to further test January '18 high $1,365 and a break there bulls will go for July '16 high of $1,375
Note
As of 6-4-19 Large spec Gold net long positions have risen 44% since previous or +69.4k
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.