DJI/GLD will proximity went below 10.
The bearish trend of DJI/GLD will continued after a slightly 0.382 rebound (CD) of the downtrend (BC) and hits the resist at 16.5, which is the lower edge of the bearish triangle (head and shoulder reverse signal).
As the rebound hits the resist, the trend will conversely go bearish and expected target would be 1.618 of the...
The rally of gold had obviously lead by several reasons such as the investor's fearful on the global economy recovery after the covid-19, the unlimited quantitative easing and bail out policy by the FED, the great uncertainty of geopolitical tension among the middle east and China-US, as well as the instability of the "Asia Financial Hub" - Hong Kong since 2019....
