Will Gold Resume its Uptrend? Since reaching $1375 high of July 3rd, 2016 gold has given up more than 50% of its recent gains. Gold was hovering near its $1200 support level after 2016 US presidential elections which was broken on November 23rd, 2016. Currently I am watching for the next support at $1173 which […]
Gold Price Direction after Trump’s Victory in US 2016 Election
When I wrote the post “Has Gold Reached The Top?” in the last week of May 2016, gold was in correction phase and trading in $122X range. After reviewing various indicators and historical trends I concluded my post with: “Based on the historic and cyclical gold market trends, I am quite convinced that it is […]