From Kitco: "Physically backed ETPs rose by 7.4 tonnes on Friday (driven by SPDR), the first inflow in almost a month and the largest daily inflow since 31 January last year," according to Barclay's analysts.
Chart #2: Here is my technical take on the SPDR Gold Trust (GLD) ...
You can see that the easiest path for the GLD is to go higher. If it makes a 50% retracement, it will break the downtrend. It's anyone's game at that point.
Chart #3: Gold Miners
Here is an analysis from @TradingView ...
According to this analysis, at the minimum, we should see a nice little rally from here. You can see the original chart HERE.
Good luck and good trades.
Tradingview's idea of analysis is to draw a red arrow pointing up?
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