Gold makes progress on weak dollar

FXStreet (Łódź) - Vladimir Mihaylov, FXStreet Independent Analyst, points out that gold has made some progress yesterday, benefitting from the weak dollar

Key quotes

"But the only thing it has done was to reach the resistance 1254, daily indicators still point to the downside."

"Resistance comes at 1262 and 1278. Below 1262 the pair is bearish. Below 1246 downside pressure will increase again."