Gold price peaked in June then began to correct. The tops of the trading channel was connected with a green line. Following the double top formation in June, gold corrected about 110 dollars. The last few days, gold broke out on the upside of the trading channel and is trading at $1188/ozas I am writing this post. The dollar is sharply down, while oil is past $81/barrel. All of this is confirmatory to a new increase in gold prices.
No comments:
Post a Comment