$Gold Weekly

In $U.S. terms, the gold price has seen the 34-week EMA coming out of the trough. That means the recovery of gold prices in $U.S. is meant to continue until the price convenes once again at the 34-week EMA.

Comparing with the previous rally out of the financial crisis, there would be a handful of instances when this takes place. Volatility in gold prices declined during this period as $GVZ has declined during this period.

Gold prices have lagged the reversal of interest rates vs inflation, so depending on where the dollar winds up, this will be meaningful for gold in $U.S. terms.

http://schrts.co/BG8NBJ

-F6