Currencies are the most manipulated markets on the planet. The intermediate cycle low is over? Will the gold cartel attack gold here near the 200 d.m.a.? A hard stop below $1,760-pivot is a good idea..
Gold $1,796.80 and $1,799.60 are the two major moving averages to break above today. Gold will get over this, I believe it will. What will happen then?
November third meeting for the FOMC, the US Dollar Index is correcting and a "big game" tapering talk will help it to reverse but this will fail. Gold will have a lot of attacks..
An upside breakout appears imminent, and it should be awesome! Note the red GOAU sell signal in the summer of 2020. That signal was defined by the arrival of gold at ...
Investors think they can just throw a dart at a commodity and it will go up. I suspect next year will be a lot different. Over a year and a half where commodities have gone straight up..
Gold still needs to get above $1,783 area, the 18 week moving average. Gold is at a zone of support, but must not take out $1,749.90. Lots of resistance around $1,800.
Gold continues to struggle but silver and the gold stocks could be leading. But the elusive breakout points to the upside remain keeping alive the potential for a downward thrust.
Gold is fighting a battle at the 18 month average. More people are in the camp now that inflation is not transitory. I don't think labor costs are going to be transitory.
