Gold TOP is in
https://www.fxstreet.com/amp/analysis/goodbye-gold-price-rally-heres-whats-next-202403121523
Bet some people were not too happy today
https://www.fxstreet.com/amp/analysis/goodbye-gold-price-rally-heres-whats-next-202403121523
Bet some people were not too happy today
After this straight move up, of course there is due counter move. I actually wrote few days ago, it wouldn’t surprise me if gold tags 2200 and then turns down.
The important part now is, what kind of counter move will be next. On high or low volume? How far low? After this move, we should have better picture, what next.
Also, there is waiting on us, some kind of correcting in general markets. They will pull down miners initially. This is why I was only buying partial positions on March 1st, when move started, since I have a feeling general markets are coming down hard at some point.
Is he saying (haven’t read article yet, will do tomorrow) gold and PM bull market is over, like done for this year or more?