Gold rallies as stocks hesitate

Spot gold continued its rally, as stocks hesitate, and is likely to reach $1400/ounce before encountering strong resistance. Bullish divergence on 13-week Twiggs Momentum strengthens the signal and recovery above zero would indicate a primary up-trend. Breakout above $1400 would confirm the signal, but seems a long way off.

Spot Gold

3 Replies to “Gold rallies as stocks hesitate”

  1. Thanks for adding the link to TED video on depression.
    My husband has it and it helped me understand it better.

    1. We, myself included, are often unsympathetic towards people suffering from depression without fully understanding the challenges they face.

      I particularly liked the Rwandan view of Western treatment methods: “Instead of taking the sufferer out into the light (which makes them feel better), involving the whole community (which makes them feel supported), using drums and dance to get the blood going, and treating the depression as an invasive spirit; UN counsellors took the sufferers away from everyone else, to a dark room, where they made them sit and talk for several hours about the things that make them feel bad….. We had to ask them to leave.”

  2. Thank you for your wonderful analysis,
    But we could say at least about 02/27 trading DAY: things were reversed
    Market rallied as gold hesitate !

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