This monthly chart of gold
reveals something very interesting. Gold
has had a bit of revival this year but the momentum seems to have stalled a bit. The beautiful reversal pattern in the chart though seems very bullish
. Sure, it may see a bit of down move to 1200 - 1150. But that would be a massive buying opportunity to ride till 1500 levels.
This also is an ominous sign for all risk assets. See my related post in the link below. Tread very carefully.