With all the uncertainty looming gold is due for some love, a slow walk to around $1580, Very strong resistance around $1370-1380 level.
Komentarz:
This is playing out exactly as expected with stock markets bleeding expect this to see a lot more love, as you can see we have tested the $1370 level several times in the past and been rejected but still stayed above our major trend line which is a massive ascending triangle, It may be a perfect storm with gold and what better way than the us economy to stay king by pumping the gold price extremely high when they own a lot of it.
Komentarz:
Resistance broke gl if you got in when I mentioned this!