If you're a contrarian, you might not agree here. The crowd is Bullish on Gold, but in this case, I believe that the crowd is correct (and sometimes they are!) Gold has some demand below current price, Gold is holding a W trendline (see chart), and there don't seem to be any really big sellers until price gets much higher.
The ride will most certainly be choppy, but Gold is looking Bullish. Will 2018 see a nice push higher? If the USD continues to show weakness, I would assume so...
The ride will most certainly be choppy, but Gold is looking Bullish. Will 2018 see a nice push higher? If the USD continues to show weakness, I would assume so...
***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***
Thank you for your support!
Thank you for your support!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***
Thank you for your support!
Thank you for your support!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.