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Jim Wyckoff

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Gold Bulls on a Roll as Price Hits 6-Year High

August 7, 2019 by Jim Wyckoff

The safe-haven gold market has scored a six-year high above $1,500.00 an ounce amid safe-haven demand from investors who are spooked on several fronts: the U.S.-China trade war, slowing global economies, unrest in Hong Kong and a hard U.K. Brexit. The technicals in gold are fully bullish, suggesting still more upside in the near term. There are no early clues of a market top being close at hand for the yellow metal. You will find any early clues on a market’s pending price trend reversal, or acceleration, in my daily reports. Stay tuned!–Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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