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Gold: Focus on Support as Supply Looms Large

May 8, 2023

From the Desk of Ian Culley @IanCulley

There’s a mountain of bullish evidence supporting an upside resolution in gold. 

But gold hasn’t broken out. Not yet!

Gold has been running this race for months... at least, that’s how it feels.

Perhaps it’s simply making its way to the starting line…  

I believe that’s the best way to view gold and precious metals at this stage of the game. Before I get ahead of myself – marking a series of upside objectives – I want to highlight a key level that defines my intermediate- and near-term risks…

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