RE:Gold washout is it complete next week will tell us
Dixiedee wrote: Was the last downturn gold washout it may well be we have broke through resistance of 1675.00
1735 is next level to break above next week should give us some direction has been plenty of gold buying by central banks on their orchested dips but now investors maybe starting to get in as well
history repeating itself all over again rising gold price with rising interest rates sounds like 1979 to 1981 all over again .rates continue to upward but slower pace gold continues upward but at a faster larger pace then gold stocks go up at an even more exaggerated pace than either gold or interest rates
oil to hit new all time highs in 2023 maybe in the 1st 1/4 for those that bought the dips and those that hung onto NFG and others you are about to be very well rewarded NFG and others still selling at huge discounts but not for much longer
I believe the lows for gold are now in if we end the week above 1735 then 1765 and 1800 are in play
is the pivot about to happen will have to wait on Powell and see