Loading ...GOLD MARKET:
What about the gold market and gold stocks?
Did the same technical indicators show LOWS in gold prices and the XAU at the bottom of those markets in late 2015 and early 2016?
YES! Use the RSI, MACD, and TDI. Wait until they reach extreme lows and turn upward. That happened in gold and the XAU in 2000, 2008, and 2015. [Note: Indicator lows were not as extreme as readings at stock market highs.]
Gold prices and the XAU have been moving upward since their bottom in 2015. Expect more rapid moves as digital fiat currencies, global bond markets, and stock markets correct toward realistic values.