#TSOT - #GOLD Continues DECLINE as #USD Gains Strength

#GOLD as of 5.30.16 Asia Trading

In our previous shared link; #GOLD prices already declined for almost five consecutive weeks in line with the #USD rally. From a recent high @1303.62 to its current low @1199.70 in the Asian trading session, the probability to reach its target levels again @1150.00 may soon be made.

The resulting liquidation and profit-taking levels as Gold prices decline is a direct correlated effect from the continued USD price recovery above the 95.50 basis point in the Asian trading session For as long as the USD continues to gain strength the selling pressure would build up and even may place a lid on Oil prices which has slipped back below the USD50.00 levels. This is in reference to our previous shared link from market watch regarding the probability for GOLD to decline even towards the USD1000 handle.