We have a few things here to address.
Firstly, we have a bullish RSI divergence.
Second, the downtrend line from $1265 was broken with today's close.
Lastly, with risk aversion on everyone's mind and Trump looking at possibly selling the dollar (we all know he doesn't want a strong dollar), gold be looking to move up.
One last thing: In 13 out of the last 17 years, Gold has performed well in August.
Firstly, we have a bullish RSI divergence.
Second, the downtrend line from $1265 was broken with today's close.
Lastly, with risk aversion on everyone's mind and Trump looking at possibly selling the dollar (we all know he doesn't want a strong dollar), gold be looking to move up.
One last thing: In 13 out of the last 17 years, Gold has performed well in August.