President Xi has canceLled his trip to Mar-a-Lago, maybe it's innocuous but I'm not willing to take that change. I believe we still have some downside yet before we have a decent buying opportunity.
This is my first video on Tradeviews and I'm still learning the software but I wanted to give it a try and share my overall analysis for what you should expect next in gold. GLD GDX GDXJ JNUG NUGT SIL SILJ I share my daily pre-market video each and every day before the market opens on my website .
My target for a wave 4 in Gold was $1289, however, I now believe we have further to drop before a buying opportunity presents itself. I see huge issues with this trade negotiations and the outcome is likely different to investors expectations.
A series of better than expected numbers has caused interest rates to rise in a soft inflationary environment this equals higher real yields and a negative headwind for Gold at least short term.
Precious metals have been performing very well over the past couple of months, price does not move in a linear fashion so do we careful near term as the risk of a pullback is rising.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!