There is no trend and gold is working off an overbought condition. It's past tense. With the market down, it's worked off; it is no longer in overbought territory.
Gold looks to have further to run as the Federal Reserve prepares to chop rates, traditional drivers such as lower yields return, and Western investors pile back in.
Gold has mostly fallen in September since 2017. Any decline should be short-lived, offering a good opportunity to boost both short-term and medium-term investments.
Note that a dollar sell-off fits perfectly… with our higher price targets for gold! Lower rates are very positive for gold. Gold should soar due to the huge loss of confidence!
