Those hungry for volatility have been disappointed by stocks and bonds lately, but gold has taken the spotlight. It has rallied quite a bit, breaking through the 1750 level. This level constitutes the upper anchor of our Fibonacci levels and is otherwise significant technically, as a relative high. The Kovach indicators have confirmed the trend, so we should consider gold to be in ‘buy on dip’ mode. Wait for the Kovach Chande to dip more before entering a trade.
Also, watch the Ghostsquawk AI tool for risk sentiment. Currently, we are pretty risk off, at the moment, so this could result in another push higher.