Gold Price Has Bottomed and is Joining the Reflation Party, but This Will Ignite the Gold Price Even Higher

from King World News

Today one of the greats in the business said the gold price has bottomed and is joining the reflation party, but this will ignite the gold price even higher.

As the Sun Rises:

December 2 (King World News) – Top Citi analyst Tom Fitzpatrick: As the Sun Rises: DXY’s (US Dollar Index’s) Long Waited Break Through Pivotal Support DXY closed below a good support range at 91.73-91.75, which consists of a 76.4% pullback and a horizontal support from the Sep 2020 low. This should send DXY (US Dollar Index) lower to test 88.25, which is a neckline of a potential double top. Below the neckline, we also have a 200 month MA coming at 86.87, and a close below this level should accelerate the decline towards the double top target at 73.51.

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