Somewhat quietly, last week was potentially very instructive for the price of gold going forward from here. This move was punctuated by the abysmal US non farm payrolls Friday night and what that really maybe means. But first let’s acknowledge and celebrate gold’s strongest week in over half a year, convincingly smashing back above US$1800 to $1840, itself a 3 month high. Technically too, decisively moving past the support of the so called ‘double bottom’ through the $1700 resistance line has given analysts a lot of confidence that the 7 month fall from August last year is over. We discuss.
https://www.ainsliebullion.com.au/gold-silver-bullion-news/big-week-for-gold-big-miss-for-us/tabid/88/a/2503/default.aspx
