March 27th Gold


Gold opened substantially lower today because of the lifting of the European banking crisis, and once fell deeply by about 2%, but as the dollar continued to weaken and the U.S. stocks continued to pull back, gold's decline narrowed sharply and eventually closed down about 1%, and it is worth noting that gold producers are performing quite strongly, and GDXJ also rose slightly in the case of such a big drop in gold, indicating that the funds are not rushing to withdraw from the gold sector this round. Daily chart gold is still in this round of upward channel, gold this round of cyclical rise is also not over, gold is so close to the historical highs, it is likely to try to break through the historical highs again.


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