Get ready for the next Rally in Gold!

My fellow Steemians,

Just as gold breached the $1300 level, it also breached the 200 MA. But don't worry, Comex Gold breached the 200 MA before for several days before exploding higher.

We expect a new rate hike in June. After 5 of the 6 rate hikes, Gold rallied higher as you can see on the chart below.

Finally we have a chart with the Commercial gross long positions in Comex gold. You can see that after the Commercials have accumulated a significant amount of gross long contracts, the gold price rallied significantly.

These are 3 very positive developpements for the price of gold!

Thank you for reading!

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