Gold wants to Push Higher!

My fellow Steemians,

This week is "Golden Week" in China, a period of 7 days of festivities.

The gold market has to do without Chinese buyers, which translates to a diminishing demand.

Usually this is a good opportunity to push the gold market lower.

As well in 2013...2014...2015...2016... as in 2017 the price of gold was pushed down.

But this time this wasn't the case. The gold price even went higher 1 or 2% the last days.

This happened while the usd was getting stronger.

Gold is showing a lot of power and seems to indicate that it wants to go even higher.

This signals that the bottom is probably behind us!

Thank you for reading!

_{maartenverheyen}