shahrzadtarrahi

After all, should we invest in gold?!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
after retesting the lowest low in the last three months on 9th August, the price is in an uptrend. On 3rd September the gold price couldn’t break the familiar resistance of Senkou Span B at 1834.14. personally, I would not consider trading as long as the gold price is in the Ichimoku cloud. I consider 1756.06 as the next strong support for the gold price in short term as concerns over Fed talking is rising and investors are worried about the next move of Fed in the upcoming meetings. The price at the level of 1845 can be considered critical as well, if we see a successful break out from this level, we will have a long-term bullish market.

Check my gold fundamental analysis at the following link in comment

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