Thursday, November 17, 2016

Here Is A Chance For Gold Bugs

The US dollar is strengthening and gold goes down. However, the chance is here:


Now the US dollar is approaching its strong resistance at around 100. Since early 2015 the greenback was bouncing off any time it approached the upper line, marked in yellow.

It is a chance for gold bugs... but if the resistance is broken - I will have to revert to the plan B.

2 comments:

  1. hai notato la divergenza tra GLD (ai minimi) , SLV (ai minimi ) con HUI ( sopra i minimi) ? Sembra che le miniere cerchino una scusa per iniziare un rally.

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    Replies
    1. Alberto,
      Yes, I have noticed - look at today's post

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