A quick note to say that as previously expected, the deep retrace happened, and had bottomed out. The last week closed with a bullish candle with a 5 week high close, that bounced off support from the weekly 55EMA, and broke out of the trendline resistance. Technical indicators have yet to turn around.
The daily chart shows Friday's surprise surge in Gold prices, closing on the recent weeks high. Thing is that the technicals are not yet very supportive of a rally, although there already are optimistic indications.
Gold is going up!
The daily chart shows Friday's surprise surge in Gold prices, closing on the recent weeks high. Thing is that the technicals are not yet very supportive of a rally, although there already are optimistic indications.
Gold is going up!
