“Peak gold” equals buying opportunity

Gold prices broke down through the significant support level of $1,300 per ounce last week, as the U.S. dollar surged up, breaking out of a decline that started at the beginning of 2017. However, a longer-term factor may be coming into play that will provide a...

“The bigger the base, the higher the space”

Gold not only finished the week above its 200-day moving average, it broke into an uptrend, moving above the trend line of the inverse head-and-shoulders formation that has been forming for over three weeks (see chart). Taking a longer-term view, gold has been...

Inflation remains the future

Gold broke down through its 200-day moving average, but then reversed and finished above the average after the Federal Reserve Board’s meeting on Wednesday (5/2) (see chart). When the Fed held back from raising interest rates, it signaled that it was content with...

Inflation remains the long-term outlook

Gold fell back down to its 200-day moving average last week (see chart), as peace broke out between North and South Korea. Gold’s safe-haven value has receded for now, waiting for the next crisis to pop up. As the following daily chart shows, gold has been above its...

Danger alert over for now

As global tensions eased last week, gold prices fell, finishing with their first weekly decline in the last three weeks. But gold remained in an uptrend on the weekly chart (see chart below). In this consolidation pattern, what could be the catalyst for gold to break...