Gold Rally Underway
Updated
If you look at the previous gold rally from 2001 to 2011 you'll see a similar pattern of the 50DMA crossing below the 100DMA and then a few days/weeks later rising above it again and rallying to new highs. I believe this is what we're seeing right now. Gold is going to touch $1700 in the next rally, or get VERY close before correcting. Let's see how it plays out...
Note
Gold getting ready to take off. Could hit $1700 during this run up.
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.