Break, fake, or wait?
Updated
This is a beautiful chart and we may soon see if gold is ready to end this year plus consolidation.
The DXY will tell the story I suppose, it sure got wrecked today. But it seems like gold buyers are waiting to see if the dollar is really going down for the count, or not. I would love to see a close above 1830 today.
If we fail here, then I expect us to have to wait until June for the next bullish leg.
The DXY will tell the story I suppose, it sure got wrecked today. But it seems like gold buyers are waiting to see if the dollar is really going down for the count, or not. I would love to see a close above 1830 today.
If we fail here, then I expect us to have to wait until June for the next bullish leg.
Comment
Decision time!Disclaimer
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