GOLD is ready for 2nd leg
Folks,
Here is my personal view on Gold. With the macro economics going as they are going. World is negating a recession I am bullish on Gold.
The vacation is nearing its end and more institutions will get back to the market and the volume will return more soon than later.
The reason for the near term top we saw on Gold is the inverse relationship with the Dollar (DXY). The DXY has made a bit of a rally.
The DXY is heading to set a double top at least a near term top in my opinion. That to me will be the green light for the next rally for GOLD.
Gold will go massive at the end of this year when the world cannot ignore the fact that we are in a recession or at least heading towards a recession.
Signals everywhere!
Here is my personal view on Gold. With the macro economics going as they are going. World is negating a recession I am bullish on Gold.
The vacation is nearing its end and more institutions will get back to the market and the volume will return more soon than later.
The reason for the near term top we saw on Gold is the inverse relationship with the Dollar (DXY). The DXY has made a bit of a rally.
The DXY is heading to set a double top at least a near term top in my opinion. That to me will be the green light for the next rally for GOLD.
Gold will go massive at the end of this year when the world cannot ignore the fact that we are in a recession or at least heading towards a recession.
Signals everywhere!