Gold's Xmas Gift

Three things have tweaked the fundamentals for gold.

  1. Bitcoin is not attracting the hot cash, unlike 2016.
  2. Fed's Powell dovish switch, now less expectations for interest rate hikes in 2019.
  3. China to import more goods from the USA, hence more US Dollars required.

The question now is will this move gold back to resistance before year end? 

Gann angles look good, cycle looks attractive, now we wait for volume and a price to break into new ground. Profits could be golden for Xmas.

Gann Angles

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Cycle picture

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Some interest comments from Luke Gromen on the subject post-Dec 2018 G20.

Video Length: 00:22:06

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