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Tuesday, December 31, 2019 9:28:07 AM
By: Marty Armstrong | December 31, 2019
We have year-end closing resistance at 1585.60 and gold should rally as the dollar weakens. However, while the broader-term remains bullish, there still remains the risk that gold will reach a temporary high in 2020 and then retrace to test underlying support if we then see the dollar surge once again after the next turning point on the Economic Confidence Model come January 18th, 2020.
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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