Daily MACD is turning down and we are right in the grasp of the usual seasonal correction time period. It would be very healthy and constructive for gold to correct down into its 200MA by the end-March / early-April timeframe and begin to move higher again from there. This could be a very similar replay of how gold started its last major uptrend in early-2009.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.