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The 100-day and also 50-day moving averages for gold have simply crossed following months of a consistent differential, and also this pattern is a sign of a "sharp decrease" down in the gold rate, stated Gary Wagner, editor of the GoldForecast.com.
0:00 – Death Cross
5:13 – Gold vs VIX
7:04 – Gold vs U.S. dollar
8:45 – Gold vs inflation
13:03 – Professions
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Gold price ‘death cross’ - sharp drop signals are flashing warns Gary Wagner
The 100-day and 50-day moving averages for gold have just crossed following months of a consistent differential, and this pattern is indicative of a "sharp drop" down in the gold price, said Gary Wagner, editor of the GoldForecast.com.
0:00 - Death Cross
5:13 - Gold vs VIX
7:04 - Gold vs U.S. dollar
8:45 - Gold vs inflation
13:03 - Trades
__________________________________________________________________
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