AMEX:GLD   SPDR GOLD TRUST
108 4 6
Testing Support? Next week will tell...
It is pretty well dependent on the Trump comments and his plans to boost the GDP and therefore USD. Rising rates is almost a guarantee and therefore the rate hike is giving the USD a boost and therefore pushing gold down. A bit more of downside for Gold in my opinion, and I am long Gold forever......
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fdtbeijing kenny1924
@kenny1924, yes, with EUR nearly fall to parity against USD, there's no much downside room for GOLD and other commodities currency. DXY maybe push to 110 in my opinion at most.
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kenny1924 fdtbeijing
@fdtbeijing, problem is the DXY is at New Highs, and now does it just retest the old High and then take off from there. Moving to 110 would be a super big move, and if that happens. do we take GLD to 100 or is there another higher level? I would be buying more gold if GLD dips to 100.
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Great chart Fibline. As always. I think it will not hold
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