yarowtea

A brief pause for the upward movement possible

TVC:GOLD   CFDs on Gold (US$ / OZ)
I see that on the 6 and 9 month chart the gold price has not topped out in momentum, which makes sense if they issue new dollars to fund the stimulus. If that money came from taxes or savings, sure gold could take this 3 month chart and say I need a break, and it will but I would expect that the gold price drop will be brief and not very far down, I would show you the longer time frame but it was the 3 month that is topping out in momentum. Think of stopping to get some gas on a long road trip, that's all a gold dip would be this spring.
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