Gold / US Dollar, Daily Chart Analysis Jan 4
Technical Analysis and Outlook
Gold’s bull market has only commenced. Gold will reap some benefits coming from the diversification from stocks. From the low of $1160 ever since President Trump was inaugurated, Gold has produced a 2-year bottom base, so we anticipate the Gold rally to go on with a near-term target at Gold Rally $1302.
The Gold completed Inner Gold Rally $1296; The down risk is a new Mean Support $1279 and Key Support $1267.50. (For the latest market talk, please see the site 'Market Commentary' tab).
Gold’s bull market has only commenced. Gold will reap some benefits coming from the diversification from stocks. From the low of $1160 ever since President Trump was inaugurated, Gold has produced a 2-year bottom base, so we anticipate the Gold rally to go on with a near-term target at Gold Rally $1302.
The Gold completed Inner Gold Rally $1296; The down risk is a new Mean Support $1279 and Key Support $1267.50. (For the latest market talk, please see the site 'Market Commentary' tab).