Peter DeSario, editor of Elliott Wave International Interest Rates Pro Service, explains why this was a “monumental” week in the bond markets — and offers a preview of which markets he’s keeping his eye on.
With these chart features in 2016 including a new 52-week high and a golden cross in long term averages, really don’t see why XAUUSD is not a bullish reversal, new uptrend.
Gold/XAUUSD continues to be resisted, year to year down trend remains intact despite blazing rally. Something bullish did change however as we see 6 monthly price action reverse.
3 technical questions that long term investors need to ask based on this monthly chart of Hong Kong Exchange (ticker 0388).
Gold mining stocks may be an investment to look when gold is best performing asset; top gold miners Newmont Mining and Barrick Gold print new 52-week high.