Loading ...
This is the daily gold chart. I realize that gold market investors are a bit disappointed that gold hasn’t surged above $1300 in 2017, but good things come to those with patience.
Note the position of my 14,7,7 Stochastics oscillator at the bottom of the chart. Gold tends to rally when it reaches the 10 area (it’s near that now). When it reaches the 90 area (as it did a few weeks ago), gold tends to soften.
It’s not rocket science; from a technical perspective, gold tends to “breathe”, much like a person does.