Let see the Gold XAUMYRG price correction to Quarter 3rd to 4th hit to RM270 or not
Just my 2 cent analyze about gold price in MYR version not usd per OZ
A simple flow of price action using price structure.
Gold at the buy area , need to got standby, down trend will end, and uptrend will start, but not to sure, maybe it just for a sort moment.
gold price possible breakout short awaiting to break symetrical triangle above support need to break trendline and resistance possible bullish short term
With US Yields suppressed and USD continuing lower Emas should aim for new highs. Malaysian Yields would also be a factor.
break down uptrend line. weekly still bearish
Good low levels to buy Dinar. Best to buy physical Gold/Dinar
Currency debasement by most central banks will make for ever more valuable gold?
Negative Correlation. Will gold correction lead to KLCI rally?
will it retrace to 190 or go straight to 300?