Gold price analysis, 13 Sep 2018 [Youtube]

in #money6 years ago

Dear Steemit friends,

Here is my video from yesterday (13 Sep) on gold & GDX.
It looks like gold and GDX are likely to move up over the next several weeks for the following reasons:
DXY is has been under 20 DMA for 3 weeks; Gold was oversold in mid-Aug; GDX chart shows a positive divergence; GDX gave us a large-volume green day.

Let me know what you think in the comments below.

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It may get more demand as emerging markets continue to struggle in the value of their currencies despite recent inprovements against the USD recently.

Great analysis. Thanks.

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