• 287 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 289 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 689 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 696 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 699 days Big Tech Disappoints Investors on Earnings Calls
  • 700 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 702 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 706 days Crypto Investors Won Big In 2021
  • 706 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 707 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 709 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 713 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 714 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 716 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

  1. Home
  2. Markets
  3. Other

Gold

Seasonally, (since 1970) November has been the third best month of the year for gold. Despite that track record I wouldn't get too bullish yet about Friday's (full moon inspired) $27.30 rally.

Friday's intra-day low at 1,132.90 was probably close enough to my price target of 1,126 to call the price decline over for now but gold's Coppock Curve has reached a low which has forecast lows in gold for the last year but not without a positive divergence forming first. Another reason to expect some base building before a tradable rally begins is that my bandwidth indicator confirmed last week's decline and halted its advance with Friday's rally. Any further rally in gold this week will likely be followed by a test of Thursday's low.

Short-term trading cycles point to a low near late Nov/early Dec followed by a rally into a February high at the soonest.

GOLD Chart
Larger Image


Get your copy of the November Lindsay Report at SeattleTA.

 

Back to homepage

Leave a comment

Leave a comment