Gold: Preparing For A Run On The Weekly Chart

2 Eki 2018

With the potential for some USD weakness, Gold's weekly chart is showing signs of strength. Following a breaking just over a year ago (Aug-2017), we saw a consolidation which was followed by a rebound in the third week of Dec 2017. Over the last 7 to 8 weeks we have seen another consolidation taking place with a potential double bottom off the daily chart.