Getting close now to where I would expect the next chance of a bounce. Noticed several mentions of $1225 being the next support (sitting around that level now). Personally I figure it's more like $1220.
I remain focused on the current downtrend channel
(purple) before I get too excited about the goldies again.
Noticed a write up by NAB today saying they expect a hike from the Fed this month.
Haven't followed their market analysis in the past, it was basically in front of me when I logged into the trade account today. Just thought it was interesting to note...
https://www.nabtrade.com.au/content/dam/nabtrade/forms/US_Fed_outlook_6Mar17.pdf
View attachment 493739
