Gold's Biggest Setup In Months
The Gold Reset Is Over
Gold may finally be waking up. The speculative froth has been washed out, but the structural bid hasn't gone anywhere. After months of digesting the blow-off earlier this year, technicals, positioning and macro drivers are beginning to point in the same direction. With the dollar weakening, China still buying, speculators underweight and CTAs short, gold is approaching one of its most interesting technical setups in months.