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Gold Forecast: While The US Dollar Rests, Is It Time For Gold To Rise And Shine?
Practically everything that I wrote yesterday either happened in tune with that or it remains up-to-date, so today’s technical part will be rather brief. In short, gold reversed yesterday’s decline after almost touching its previous 2022 lows, and at the same time, it practically erased the entire war-tension-based rally – just like it was supposed to. chart Gold ended the day only $5.80 higher, but the important thing is that it reversed at all. Gold’s RSI also bounced off the 30 level, which can be viewed as a buy signal on its own. charts Junior miners were up by almost 1% yesterday, about 3 times more ... (full story)