Gold is just sitting on the 50 MA on the weekly chart now, waiting for the go ahead from the market to breakout and go into the Bull Case, this is incredibly slow moving so it has all the time in the world to wait.
i believe when the US markets top out and we see firm indications of rejecting and reversing, Gold will breakout above $2080.
We are seeing some rotation of capital into Crypto right now and I expect this to continue this year but I believe Gold will ultimately benefit from this rotation too.
Labo
2024-02-27 08:30:25 +0000 UTCDus
2024-02-27 05:00:20 +0000 UTC