Short and to the point!
Macro's for USD still have to play out with America being the oil king of the modern world. While administration officials will willfully seek to devalue the currency to increase mfg, and the appearance of wage growth, while making our exports more cheaper and imports more expensive. I run loops in my mind concentrating specifically on the dollar. Talking heads right now still calling for more strength - this is partially because the current trend has continued since the last FOMC meeting.
If patterns serve us well here, we are nearing a top and could potentially see another reason here to get bullish on gold.
Obviously much more TA is needed to administer an entry into gold, but this is logic on yet another.
Macro's for USD still have to play out with America being the oil king of the modern world. While administration officials will willfully seek to devalue the currency to increase mfg, and the appearance of wage growth, while making our exports more cheaper and imports more expensive. I run loops in my mind concentrating specifically on the dollar. Talking heads right now still calling for more strength - this is partially because the current trend has continued since the last FOMC meeting.
If patterns serve us well here, we are nearing a top and could potentially see another reason here to get bullish on gold.
Obviously much more TA is needed to administer an entry into gold, but this is logic on yet another.