Jordan Roy-Byrne - Techncial Commentary – Wed 12 Jun, 2019

The set up for gold and the USD is key to watch right now

Jordan Roy-Byrne, Founder of The Daily Gold joins me to outline the set up in gold and the USD. Over the past couple years as gold had approached breakout levels the USD was falling. This year we have seen gold rise with the USD. Now with gold closing in on the upper $1,300 resistance the US could be rolling over which would give a huge boost to the PMs.

Click here to visit Jordan’s site and follow along with his technical outlook for the metals.

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Comments:
  1. On June 12, 2019 at 12:43 pm,
    Silverdollar says:

    Question: When these commentators talk of rate cuts, are we to assume they are talking about 1/4 point cuts?

    • On June 12, 2019 at 12:46 pm,
      Matthew says:

      Yes.