Lester_Davids
Long

Gold: Preparing For A Run On The Weekly Chart

COMEX:GC1!   Gold Futures
With the potential for some USD weakness, Gold's weekly chart is showing signs of strength. Following a breaking just over a year ago (Aug-2017), we saw a consolidation which was followed by a rebound in the third week of Dec 2017. Over the last 7 to 8 weeks we have seen another consolidation taking place with a potential double bottom off the daily chart .
seems many people are starting to allocate long XAU
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@cgd, It does seem that way, the metal has been very dull with S&P / ETFs stealing the show. Big jump on (Monday/Tuesday) from $1190 to $1210 with a sizeable jump in volume.
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