View full page at metalsmine.com

 

Gold Forecast: While The US Dollar Rests, Is It Time For Gold To Rise And Shine?

From gold-eagle.com

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 than ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis