Watch Out As Gold Appears To Be Staging New Momentum Base In Preparation For A Big Upside Move – Chris Vermeulen (05/17/2021)
Although Gold has continued to drift downward after reaching a peak near $2089.20 in early August 2020, our Custom Gold Inverse Trending Index suggests this weakness has actually built a very strong momentum base – preparing for a big move higher. The relationship of Gold to the US Dollar is a fairly widely known correlation. …
Source: https://wallstreetwindow.com/2021/05/watch-out-as-gold-appears-to-be-staging-new-momentum-base-in-preparation-for-a-big-upside-move-chris-vermeulen-05-18-2021/
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