Gold short-term short, long-term long
bearish over the short term (q1-2) but bullish over the long term. The dollar is set up to rally against the euro 0.12% , and as the largest portion of the dollar index -0.10% drives where it goes. A short term stronger dollar sets up for falling gold -0.03% prices, again just in the short term. After this dollar rally, we could see the dollar continue to fall in the mid-to-low 80s. This next leg lower for the dollar, along with the late-cycle angst adds up to a bullish case for gold -0.03% over the next year.
Targets:
1-2 weeks = 1300 -1315
1-2 months = 1250 - 1280
End of 2018 = 1400
Targets:
1-2 weeks = 1300 -1315
1-2 months = 1250 - 1280
End of 2018 = 1400
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