Gold's going back to record highs above $2,000 but a correction would be healthy - Carley Garner CarleyGarner gold
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She added that after $2,100, the next major resistance point would be around $2,600, an extension of a long-term trend line from 2016. But she said that gold isn't hitting record highs overnight. "That would be healthy," she said. "I think a lot of people who missed this rally are waiting for a pullback."
Along with gold prices hitting resistance just above $1,940 an ounce, Garner noted that the U.S. dollar is also finding support with the U.S. dollar index trading just below 102. Another bullish factor for gold has been last year’s chaos in the crypto market. In a recent comment on Twitter, Garner said she thinks Bitcoin is going to zero.
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