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Wednesday, May 31, 2023 12:42:05 PM
In 20 minutes, the 4 hour chart closes (middle chart.) It looks like the dollar will be firmly back in the upward channel buy then. I think gold is cooked, but I'm waiting on buying more GDXD. It has been a strange day for the dollar and gold. They are not playing like they usually play.
I think that once the debt deal is signed, that will put the dollar in favor again and gold out of favor. Remember how gold climbed when everyone was afraid the debt deal wouldn't happen?
I think that once the debt deal is signed, that will put the dollar in favor again and gold out of favor. Remember how gold climbed when everyone was afraid the debt deal wouldn't happen?
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