Gold Consolidating Sideways Doing a lot of NothingsteemCreated with Sketch.

in #steemsilvergold7 years ago (edited)

I actually agree with this article. Gold has bottomed, but it's not its turn yet.

https://www.cnbc.com/2018/04/05/bond-king-gundlach-sees-an-unusual-trend-in-gold-it-could-soon-end.html

Gold will likely continue sideways through much of this year 1370 is MAJOR resistance and 1300 is MAJOR Support. After the dollar bounce is over in the intermediate term (want to see gold just HOLD during that time) gold will break those major levels.

538B5A60-D05F-4064-9B6F-7EC6363F4066.jpeg

Likewise with USDJPY breaking up...Gold ISNT going to break out yet

6878424F-7EDB-44C5-ACB4-E880A4B8F49F.jpeg

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We all have opinions on the direction of PM, but as far as I'm concerned, dollar cost averaging whenever I can part with some worthless fiat and collect some real assets.........Good luck all....go get ya some

Long term it is only up from these major levels with PM

see my report upcoming....silver gold seasonal is acting great...sideways yes..(until mid summer).

We have had three posts back-and-forth with one another and I feel like we are completely on the same page with Markets, Metals, and Rates lol

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