Dec 11, 2019
Sunday is a big day. More China tarrifs or not? 2019 has been an incredible year for gold. We saw a $1370 ceiling and this year it broke through resistance. We could see a big spike come Sunday or Monday or it could hover in this range for a while. We’re right below a 50 percent retracement - $1481 - if we breakthrough it we could be looking at $1500 and then up from there. Rally began at $1270 and stopped at $1565. But these numbers are irrelevant whether Trump does or doesn’t. The power of the media cycle cannot be underestimated.