AAAU - Gold Correction - How Low Can The Yellow Metal Go?
In mid-August 2018, a new high in the dollar index took the price of gold to its lowest price since early 2017 at $1161.40 per ounce. Gold did not stay at that level for long, and by the end of August, the price had recovered to over $1200.
One of the most impressive signs for the gold market since mid-August is that the dollar index continued to make higher highs with the latest coming in mid-December and the yellow metal never revisited or came even close to the August bottom. Gold has been trending higher