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  • Gold outlook still bullish thanks to supportive fundamentals

    From marketsnow.com

    Since early 2017, gold has strengthened from lows below $1,080 to around $1,340 today. The underlying factors that have helped gold strengthen since that time remain intact. We argue that gold should continue strengthening in the longer-term thanks to (1) moderate sentiment, (2) continued weakness in the US dollar, and (3) a weak outlook for real interest rates. While recent price action is somewhat concerning, gold remains in a clearly bullish trend. Gold bulls are few and far between Despite the 20%+ rally in gold since 2017, gold bulls are nowhere to be found. This isn’t entirely surprising given fears of ... (full story)

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  • Feb 20, 2018 2:06pm Feb 20, 2018 2:06pm
  •  KeenPips
  • Joined Dec 2015 | Status: Member | 152 Comments
Technically GOLD is in a ranging market; actually operating in an ascending channel. Current price action favours the bears but an ascending trendline on the daily time frame is still intact and location of southward price action is very close to it.

KP
Do your homework, follow the footprints of smart money
 
 
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  • Edited 4:07pm Feb 20, 2018 2:13pm | Edited 4:07pm
  •  Tony112
  • Joined Apr 2008 | Status: sometimes... news come unexpected | 2445 Comments
Yes!!! Tomorrow is already FOMC. Buckle-up, homie.

oh yea... and the ones that bought the stocks, according to polls hoping they will burst up after falling from a cliff.... buckle up real tight, nephew


looks high from this skyscraper... when I look out the window
Invest in alarm clocks
 
 
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  • Feb 20, 2018 6:15pm Feb 20, 2018 6:15pm
  •  LuKa12
  • | Joined Sep 2014 | Status: Member | 78 Comments
fundamentally supportive of wholesale bears!
 
 
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  • Posted: Feb 20, 2018 1:34pm
  • Submitted by:
     MarketsNow
    Category: Fundamental Analysis
    Comments: 3  /  Views: 1,861
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