It’s rare that I suggest that gold market investors should engage in “price chasing”. The 1970s were a time to do it. So was 2009. When price rallies to the neckline..
He stated they will raise rates by a 1/4 point. But we don't know where we will be in 10 days from now. Inflation remains red hot and supply issues are adding big pressures. The gold price targeting $2,000.
There are indications that this is the one when the gold cartel loses control. What makes me think this, the action in silver and mining stocks.
Energy is becoming concerning...
Gold technically is challenging the upper Bollinger band (resistance) where the algorithm starts coming into play preventing the market, for now, from going wild.
