Gold and I have a bittersweet relationship, but i can admit, I'm getting better.
Here she looks as if she is taking a nice pull back for a Break & Retest. With new highs being made I'm even more intrigued.
There does seem to also be a channel break. With gold having an indirect relation to the dollar a bullish run looks like its setting up.
THE ONLY thing that makes me think a bearish move may show its face is for momentum. On a macro gold has been bullish for some time.
We shall see.
Here she looks as if she is taking a nice pull back for a Break & Retest. With new highs being made I'm even more intrigued.
There does seem to also be a channel break. With gold having an indirect relation to the dollar a bullish run looks like its setting up.
THE ONLY thing that makes me think a bearish move may show its face is for momentum. On a macro gold has been bullish for some time.
We shall see.