LIGHTNING-RAPID UPDATE 
Gold (XAU/USD)
CLOSE NOW
@: 4475 - 4478
ALREADY CLOSED ๐ธWe are securing a small profit here, as Gold is currently hovering around 4475. I am a little late - I actually wanted to recommend closing above 4480, but with the current volatility that is virtually no difference - and we have now also seen another dip back toward or below 4465 another reason to close.
The sideways movement and this new dip will likely reduce investorsโ confidence in an immediate rebound in Gold for now - although we still expect Gold to recover next week.
The more important reason for our exit, however, is that the USD remains in demand and is therefore putting additional pressure on precious metals.
Even though we ultimately found exactly the range where buy and sell orders were balancing each other out for now, we are closing here. We may, however, re-enter LONG again before the end of the week.
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