In the gold market: I've been saying the first rally up is going to be an important area to test, the 18-week moving average of closes. That is where the market battle is. There are some interesting things taking place in the metals market. Think of this market like you are pulling out a rubber band and you let go - you get a pop. Often you get a third to 50% correction and the market starts running out of momentum. Well, we've got that. The pattern is still one on the swing line of higher lows and higher highs, which is bullish.
September 01, 2023