Beware of the triple top in gold

Forex Short News

Gold has caught a bid again after weaker US jobs data on Tuesday

The expectation is that the cooling jobs data ratchets up the chance of a Fed rate cut.

Gold caught a bid.

Checking out the chart you can see a clear top just above where we are.

I suspect it won;t hold for long. Gold seems to be back in favour!

This article was written by Eamonn Sheridan at investinglive.com.