Gold in the channel
I believe gold dropped in the first half of March on liquidity issues of investment funds. However, the fundamentals force it to go up.
1. History tells that gold goes down until Fed joins and addresses liquidity issues. It already did.
2. Futures decouple from spot prices at a rate rarely seen before. Huge demand.
I do not rule out a small correction toward the lower part of the trendline.
1. History tells that gold goes down until Fed joins and addresses liquidity issues. It already did.
2. Futures decouple from spot prices at a rate rarely seen before. Huge demand.
I do not rule out a small correction toward the lower part of the trendline.
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