mikhem

Gold at a pivitol point

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Gold has been on a bit of a tear over the past few weeks, but it appears to be treading water right now, looking for direction. My personal view is that there will likely be some sort of kiss-and-make-up between Trump and Xi which is going to allow a more riskier approach in the markets, causing gold to drop back toward the mid 1200's. That said, conversely the US$ is also looking a little top heavy and I wouldn't be surprised to see weakness here, allowing gold to push on again toward the end of Q1 OANDA:XAUUSD

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