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US Dollar vs. Gold: Who Will Win This Battle Of Titans?
Gold: will it win this battle or not? The 3 charts in this article visualize how we look at gold as these represent the 3 leading indicators for the gold market. Note that we have a bullish 2021 price target north of 2,200 USD/oz for the gold price. Premium members of Momentum Investing and Trade Alerts receive more detailed gold research. The USD chart has this solid bullish reversal, with major resistance in the 93.4 to 94.6 area. • The bullish case: the reversal will be so strong that the USD will break through its resistance and move to 97.5 and ultimately 100 points. Not good for gold. • The bearish case: ... (full story)