$gld $nugt $dust $gdx $gdxj $jdst $jnug $dxy
Strictly based on technicals, gold has a lot of room here over the next few months
Strictly based on technicals, gold has a lot of room here over the next few months
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Looks like large bullish crab pattern completed (x-d of 1.61) and bounced off that looooong term TL (pink). Now back in the downtrend channel.
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Gold should get some attention for a while. Long Long term bullish but we could be looking at 1000 gold or sub-1000 before it ever turns parabolic again: