Where next for Gold?
Updated
Gold is tricky at the moment because it's uncoupled from traditional influencers, it is a form of currency and I think central banks buying gold as a possible hedge against any pending currency crises that might ensue either debasing the US$ or the problems the Japanese are facing with their currency woes.
So I believe we push on higher but at a junction right now on whether we continue to correct a little more or continue the move higher, I have mapped out possible moves.
So I believe we push on higher but at a junction right now on whether we continue to correct a little more or continue the move higher, I have mapped out possible moves.
Note
Gold still on track for objectives of $2484 when we get there we will have to reevaluate
Mark Langley
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