for those with an interest in technicals you can see gold is...

for those with an interest in technicals

you can see gold is following in its wiggly way the intermediate uptrend rising low supports that drove the 2016 rally

below is tyhe awesome oscillator - one of my preferred technical indicators - the arrows point to the inflections where the AO went negative so you can see what gold price reaction was each time

AO went negative last ngiht as i suspected - but a non violent move down in gold price - which i think tells you that gold sentiment is lifting - probably helped by fact US is about to expand its national debt yet again with the planned budget ceiling lift. US total debt to gdp ratio could hit 120% in next 2 years if rates continue to lift.

Last year may be the last time the US ever has AAA+ credit rating.