What is clear is that without dollar weakness this week gold prices would have had a much larger and dramatic price decline. This indicates that market participants and traders are still selling gold.
Interesting article about the current price of gold and where it might be heading from here. I'm bullish on gold long term, but I kind of agree with the article in that gold could be a lot weaker with a stronger dollar. I should have sold more of my gold stocks during the last major run and been buying back on the current weakness.....
Read the full story here....
https://www.kitco.com/commentaries/2019-10-18/Despite-Dollar-Weakness-Gold-Cannot-Overcome-Selling-Pressure.html
