Hello all
Gold is below 1285 support rebounding slightly on the dollar index negative movement.
Fed report / Chair B helped dollar strength thus driving gold lower.
But all commodities are trading lower including oil
ST fundamental outlook is bearish with breaks to the downside of 1276 triggering further break to next support @ 1265
some analysts predict a break to the 11xx in the next three months either way it going to be very volatile to trade commodities at the moment even Platinum has joined the bear market.
Question: doesn't a commodity cycle bust usually signal a market crash?
Gold is below 1285 support rebounding slightly on the dollar index negative movement.
Fed report / Chair B helped dollar strength thus driving gold lower.
But all commodities are trading lower including oil
ST fundamental outlook is bearish with breaks to the downside of 1276 triggering further break to next support @ 1265
some analysts predict a break to the 11xx in the next three months either way it going to be very volatile to trade commodities at the moment even Platinum has joined the bear market.
Question: doesn't a commodity cycle bust usually signal a market crash?