3 days ago • Posted by Charles-Henry Monchau

Is Gold waking up?

Gold is currently pushing above the big negative trend channel, something we haven't see for a long time. The 100-day moving average might act as a resistance but given the negative sentiment on gold, a crossing of the 100d MA could act as a catalyst and bring back some hot money on the shiny metal. The continued decrease of real bond yield brings the macro argument to the Gold bulls. Stay tuned... (chart source: The Market Ear, Refinitiv). 

Gold technicals