Post by Mr Oakmont on Aug 25, 2016 14:38:34 GMT -8
XAU/USD Gold prices turned sharply lower following news that Glencore Plc agreed to sell A$880 million in future output to Evolution Mining Ltd, Australia’s second-largest producer. The latter firm said this would boost their overall output for the current fiscal year to as much as 860k ounces. That would amount to a 7 percent gain from the prior year.
On charts lower than daily I'm expecting a more bearish trend but on weekly and monthly we expect to see a continuation in an uptrend. (daily chart below)
On charts lower than daily I'm expecting a more bearish trend but on weekly and monthly we expect to see a continuation in an uptrend. (daily chart below)
Attachments:
