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Tuesday, April 11, 2017

Gold

Has been kept down because of expectation of Fed hiking rates and the Trump's reflation story. With Trump's factor taking a back sit and geopolitical tension in Syria and North Korea taking centre stage, its time to look at Gold. Its a matter of time before it will breakout 1621 resistance. It formed a good based at 1200 and has been testing 1261 level many times. This blog believe the 1261 level will eventually be taken out and Gold should head towards 1290 in the short term.




All posts and charts are for educational and illustration purposes only

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