Gold Should Follow The Yen Higher
Written by Rick Ackerman, Rick’s Picks
Yen’s Surge Holds Great Promise for Gold
The yen, whose behavior corresponds closely to gold’s, began 2019 with a giant leap that slightly pierced the 0.94148 midpoint resistance of the pattern shown in the chart below. This is bullish but would become still more so if the futures can close for two consecutive weeks above it.
Source: http://econintersect.com/pages/metals/metals.php?post=201901070012
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