Gold starts to move?
I had mentioned in the past gold was artificially being kept down. (Atleast that was my conspiracy theory)
That downmove could be complete..
The price broke the downward channel. It is accompanied by a beautiful triple bottom + triple positive divergence on the RSI. (Technically speaking its bottomed and bounced)
This triple bottom also happens to be a 50% Fibo Retracement.
Post the american elections it might make for an interesting space to look at..esp if it breaks above the 200EMA.
Theoretically speaking Gold was supposed to be the greatest hedge against inflation.
That downmove could be complete..
The price broke the downward channel. It is accompanied by a beautiful triple bottom + triple positive divergence on the RSI. (Technically speaking its bottomed and bounced)
This triple bottom also happens to be a 50% Fibo Retracement.
Post the american elections it might make for an interesting space to look at..esp if it breaks above the 200EMA.
Theoretically speaking Gold was supposed to be the greatest hedge against inflation.
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