Articles
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Gold...Short Term Bottom?
It’s looking like gold at the very least has done two things.
First, it satisifled its 2nd down PriceCount. It could go for its 3rd, but its not likely given that the low as so close to its 200-Day Moving Average of Closes.
The rally on Friday came in large part on the heels seeing wage inflation pick up in the Jobs Data Report. It doesn’t hurt gold to see President Trump have broken some ties with Turkey, about to do so with Iran in terms of decertifying the Nuclear Treaty with them and of course having North Korean rumors of another missile or nuclear test about to take place.
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