On May 26, 2024 it was noted that gold’s relative value against the U.S. Dollar was in a position similar to where it was on May 4, 2010. In addition to this, daily Engrbytrade™ structural calculations show gold is in a position similar to where it was on March 11, 2020. A pullback is possible, but the trend upward is expected to remain intact in 2024.
Charts courtesy of StockCharts.com.
