PugLife

Gold - Looking at a correction or another impulse?

TVC:GOLD   CFDs on Gold (US$ / OZ)
It's possible we're still in the process of a 2nd wave up after the recent correction. I could see Gold building higher if there is a stock market cool-down. Although seems more likely to me that a double top reversal is occurring and that Gold has more room to correct.

It also doesn't help Gold that Bitcoin is being looked at as the most secure store of value by institutions more and more every day. Gold is fairly finite, however there could be trillions of Gold on asteroids which could be mineable in the future. Bitcoin will never go over 21-million BTC .
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