I think we are getting near a short term turning point for gold to head up for a quick bounce up until end of Feb, but then heading back down in March towards the Fed meeting an interest hike in late March.
I think dollar is going to head down to around 86 and gold should head up this year to over 1400
Will it hit the trend line this week to finish off June before heading back up and busting through the long term down trend line with confidence?
Looks like we might run into resistance around $1278. If we go significantly higher than that, we may have be breaking the long term down trend line
Dollar seems to be trending lower
Looks like it is trending up in a diagonal
