After the comments by Donald Trump that the US dollar is too strong, gold prices jumped.
It is possible USD to form a model similar to that near the peak of 2002. If Donald Trump get his way and the dollar peaks and reverses right here, gold will almost certainly break out, officially ending its 6-year bear market.
From a fundamental perspective, gold has probably never been cheaper than other financial assets as it is today. In other words, once it does break out there is plenty of potential to the upside.
Junior Trader Ivan Ivanov
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