Gold tremors

A strong dollar and low inflation weaken demand for gold. The spot metal broke medium-term support at $1150/ounce and is headed for a test of primary support at $1100. Another 13-week Twiggs Momentum peak below zero signals continuation of the primary down-trend.

Spot Gold

* Target calculation: 1200 – ( 1400 – 1200 ) = 1000

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