Gold ICL Confirmed

Published by Gary Savage | Jul 3, 2017 | Articles

It appears the US Dollar has bottomed following an intermediate degree correction. This suggests that the dollar will rally for 6-8 weeks while gold heads lower. Gold has decisively broken down through its 200 dma. Traders are in a bull market mentality and will try to buy gold’s dips until sentiment becomes bearish. Expect gold to continue lower over the next 4-8 weeks.

 

 

Original source: SMT blog - Smart Money Tracker Premium


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Gary Savage  Technical Analyst / Investment Expert

   

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