Loading ...Reversal this week …
For me, no bearish case at all. Gold was down last week but GDX was up.
Once Fed Interest Rate hike cycle started, gold long term bull runs followed.
If Fed hikes its interest rate for the second time next month, gold will move higher much higher no matter where dollar will go. If not, maybe another QE ?
Third tap of the lower trendline of a descending Broadening Wedge since the July 2016 High …
