Just finished listening to Simon Mitchell on his preseo. Basically our private conversation in his booth went into much more detail than what 20 mins can achieve.
Difficult to look at chart from my small screen so I'll post a chart up and my TA opinion if I'm not pissed tonight from all that network booze. Lol
A quick look at gold is to watch the current top a few bucks from where price is now. I still reckon the June hike has all factored and it is a given. However the gold action suggest Yellen is forced into this action so as to have bullets to stimulate down the track. The 10y note yield suggest no further tightening after June complimented by US equities i.e. Rallying and a selloff in USDX. British vote is the wild card short term. I've been bullish since the reversal in Jan 2017 and April was a challenge to remain so but the gold chart is showing continue bullish momentum. I am aware of that down trendline but I look at those consistent higher lows as signs there is a reversal.
SAU Price at posting:
33.5¢ Sentiment: None Disclosure: Not Held