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peterbokma
May 11, 2022 2:34 AM

GOLD-NEUTRAL to down 

GOLD (US$/OZ)TVC

Description

We are starting to go negative on signal line, and moving towards a week ago analysis that we may see a test of $ 1,800. This is still on the cards and for that reason I am not seeing a BUY opportunity as yet.

Currently am neutral but would feel once near $ 1,800 we observe the movement and then perhaps it becomes a BUY opportunity. For now I feel monitoring developments is the way to go. SILVER is in a better BUY position right now.
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