Wednesday 11 August 2021

Crash in Gold: What Has This Triggered?

Crash in gold: what has this triggered? Gold's recent drop retested the key levels at the 1677 support. It has since bounced from this level. However, is it possible that gold has now triggered a "dow theory bearish signal"? Has a primary bear market likely started in the precious metal? Which key level would further confirm a potential bear market, and where is resistance? Futhermore, what does the drop in gold likely tell us about the probability of inflation (or deflation)? We look at the charts. Video by Alessio Rastani.



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