Debt-limit games continue and the deal could still fall apart. Gold continues to trade well above the 18 month average ($1,837.20).
Big three weeks ahead with US jobs, US inflation numbers and Federal Reserve meeting and other central bank meetings.
Recession or no recession? Apparently Germany has fallen into a recession. Could we be far behind? The indicators keep saying yes we will.
Microsoft's bullish rampage last week added to already strong evidence that the stock market is headed to new records highs.
Therein, the green zone encompasses Golden Ratio support spanning from 1912 to 1874.
Technical stock chart updates on $GDX, $XLE, $NUGT, $BRO.v and more.
Positions as of Tuesday, May 23, 2023
Most traders do the opposite of what they are doing. These are the buying opportunities in gold bottoms (into the i.c.l.)
Debt limit deadline looms, will there be a default? Jobs report and CPI data coming up next.
This is where I think Gold will start holding. The 18-week average is where the market should firm up ...
They also give an update on their gold price forecast to the end of the year. They had previously given a price target of just shy of $4,800 by 2030.