It seems that the 3 month long correction in gold may be at an end. The dollar decided to go diving today and as a result we have the first daily higher high close since the start of August. Technically there are a couple more hours until the market closes, but it is highly unlikely for it drop down and erase all the gains from today. A down trend line has been broken and there is a nice cup and handle formation taking shape for the past two weeks that is now complete. There will likely be a fierce fight to break trough the region between 1930 to 1970 but I believe a bullish trend is on and we may very well see new highs by the end of the year.
The above is only my personal view on the market and does not in any shape or form constitute trading advice.
The above is only my personal view on the market and does not in any shape or form constitute trading advice.