A survey conducted by Bloomberg found that 23 out of 30 investors expect the price of Gold to rise this week on the back of the weakness of the dollar and inflation fears.
Gold now is heading towards a crucial resistance level of $967, a break above this level is likely to bring significant up move towards the $1000 area, a failure to break the resistance level is likely to result in sideways trading. Breakout lower of the support at $949, may bring a further down movement to the $935 level
As for me, I'm staying on the sideline to see if Gold breaks support at $949
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