Gold has been performing poorly in recent days despite the growing fears of COVID-19 in the world. The fundamentals suggest that Gold should be in an uptrend for the foreseeable future but that does not mean you would start just recklessly buying gold. This is the best time to use trend-based technicals to find support areas to buy.
Should we be buying this dip?
✔️ Global Central Bank QE Push
✔️ High-Inflation, Low Interest
✔️ Gold Remains a Safe Haven
Major support level around 1500 but do not expect that to be broken. If we see the price holding you can expect to see buying in this area.
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Thank you for everyone who likes and shares this analysis. I haven't published on TV in over 3-4 years and I am going to start sharing daily analysis.
Should we be buying this dip?
✔️ Global Central Bank QE Push
✔️ High-Inflation, Low Interest
✔️ Gold Remains a Safe Haven
Major support level around 1500 but do not expect that to be broken. If we see the price holding you can expect to see buying in this area.
For more full analysis, trading ideas and tips feel free to subscribe to my newsletter.
Thank you for everyone who likes and shares this analysis. I haven't published on TV in over 3-4 years and I am going to start sharing daily analysis.
Trade active:
Still expecting this trade to complete and hold these support levels. Looking to close around 1700
