is below a very obvious line of resistance and once again close to testing / breaking up. Based on fundamentals which include central banks QE
, negative interest rates etc I think only a matter of time until it breaks up. Perhaps in short term we will see another dip with gold
constrained in a wedge
in the shorter term. Central planners will like to keep gold
under this line as long as they can manage. You can probably expect massive shorts dumped in futures
market and all the usual manipulations. But in they end they lose.