Gold price analysis, 13 Sep 2018 [Youtube]

in #money • 6 years ago

Dear Steemit friends,

Here is my video from yesterday (13 Sep) on gold & GDX.
It looks like gold and GDX are likely to move up over the next several weeks for the following reasons:
DXY is has been under 20 DMA for 3 weeks; Gold was oversold in mid-Aug; GDX chart shows a positive divergence; GDX gave us a large-volume green day.

Let me know what you think in the comments below.

#investing #news #blog #busy
6 years ago in #money by
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     6 years ago 

    It may get more demand as emerging markets continue to struggle in the value of their currencies despite recent inprovements against the USD recently.

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     6 years ago 

    Great analysis. Thanks.

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       6 years ago 

      You got a 26.92% upvote from @brupvoter courtesy of @myfinanceteacher!

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         6 years ago 

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