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Gold - Can anything stop the rally?

From marketpulse.com

No stopping Gold it seems Gold is flying once again as it looks to extend its winning streak to six days and build on the almost 7% gains it’s made in that time. All you have to do is look at a US dollar chart to see what the trigger for the surge has been. Previously when we've traded around these levels - and for that we're talking earlier this decade - $1,440 has been a notable area of support and resistance which may explain why we've seen some profit taking around here today. What's interesting is that we the rally doesn't seem to be dropping any momentum so there may be some more room to run. The MACD ... (full story)

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  • Category: Technical Analysis