I suggested for traders to cover shorts on gold here and go on sidelines during the holiday period. $1,834.90 needs to be taken out to break the negative view.
Energy stocks got too stretched, too far and needed to correct. I believe gold is going to hold the sub $1,800 lows and will defeat price dump attempts.
That is what the gold market is trying to figure out here. In China, I do not believe what they are saying. Get ready for the seasonal covid wave coming, what does that mean?
The chart is intended to take some of the guesswork out of determining how high this presumably doomed stock-market rally is likely to go. Not very, would be my guess.
Stimulus measures, stimulus cheques, and negative interest rates all created unthinkable high global liquidity. The multiplier effect came in the form of..
