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MOMENTUM VS SENTIMENT FOR GOLD

Technical Trader shares his thoughts on the recent pullback in gold. There is a debate over sentiment (which remains strong) vs momentum (which is negative) and which one will carry the market in the short term.

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Day, Swing, and Long-Term Investor. Own rental properties and self-storage facility.
Day, Swing, and Long-Term Investor. Own rental properties and self-storage facility.

Chris Vermeulen, Founder of The Technical Traders shares his thoughts on the recent pullback in gold. There is a debate over sentiment (which remains strong) vs momentum (which is negative) and which one will carry the market in the short term. We also look at the USD and the tech sector in terms of just how much more they can run.

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Copper, base metals, and industrial commodities face bearish technical trends, but the fundamentals remain bullish.