It looks like today's talks aren't going to last that long, so I'm not sure if that can be taken as a positive sign given how recent developments are going. Either way, there will be no official statements from both sides as negotiations this week are "informal".
There will be more talks again next week, before we get to the European Council meeting on 15-16 October. Tick tock, tick tock.
Further Development
Analyzing the current trading chart of Gold, I found that Gold reached both of our yesterday's targets at $1,898 and $1,906.
Anyway, I still expect further upside and potential for test of the next upper targets at $1,935 and $1,950.
Watch for buying opportunities on the dips.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Lean Hogs and Lumber today and on the bottom Gasoline RBOB and Cocoa.
Key Levels:
Resistance: $1,920, $1,935 and $1,950
Support levels: $1,912 and $1,906
