Any fu**ing dip in Gold should be brought.
Came across a report on seekingalpha calling for a dip in Gold (and Silver) under 1700USD in coming weeks before moving higher towards 2000USD. The same is said about Silver.
Area around 1700/10 is the MA area and as it has been on previous occasaion, price will find it difficult to break it. Its a good support and a perfect indication of bull run.
Precisely that aligns with my view that it will bounce from the MA. Detailed chart [here].
I see some analyst reasoning that Gold will follow Oil lower. Not sure how perfect that correlation is, but it will depends on USD strength/weakness as well.
Came across a report on seekingalpha calling for a dip in Gold (and Silver) under 1700USD in coming weeks before moving higher towards 2000USD. The same is said about Silver.
Area around 1700/10 is the MA area and as it has been on previous occasaion, price will find it difficult to break it. Its a good support and a perfect indication of bull run.
Precisely that aligns with my view that it will bounce from the MA. Detailed chart [here].
I see some analyst reasoning that Gold will follow Oil lower. Not sure how perfect that correlation is, but it will depends on USD strength/weakness as well.
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