LONG
Today, price not only closed above $1700, a psychological resistance level but also above its former high of $1703 on March 9.
Fundamental narrative support further upside.
Not only does uncertainty remain in the markets due to the coronavirus pandemic, which favors safe-haven assets (like gold), but with lots of central banks announcing record amounts of the stimulus (money printing), there’s now growing demand for gold as a hedge against future inflation.
I still see a move towards gold’s all-time high (ATH) of $1921.
For Bear, a short retracement will earn you some pips as a smart trader
Fundamental narrative support further upside.
Not only does uncertainty remain in the markets due to the coronavirus pandemic, which favors safe-haven assets (like gold), but with lots of central banks announcing record amounts of the stimulus (money printing), there’s now growing demand for gold as a hedge against future inflation.
I still see a move towards gold’s all-time high (ATH) of $1921.
For Bear, a short retracement will earn you some pips as a smart trader
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.