Gold is tricky at the moment because it's uncoupled from traditional influencers, it is a form of currency and I think central banks buying gold as a possible hedge against any pending currency crises that might ensue either debasing the US$ or the problems the Japanese are facing with their currency woes.
So I believe we push on higher but at a junction right now on whether we continue to correct a little more or continue the move higher, I have mapped out possible moves.
So I believe we push on higher but at a junction right now on whether we continue to correct a little more or continue the move higher, I have mapped out possible moves.
Note
Gold still on track for objectives of $2484 when we get there we will have to reevaluate
Mark Langley
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Mark Langley
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.