Gold Continues to Glitter with its Strong Uptrend

Gold continues to climb in these economic uncertain times - and recent Trump news of New China trade tariffs may give Gold additional ammunition to climb further. We maintain a bullish outlook on gold also due to increasing government stimulus packages and Fed money printing.

The Regression channel from June 2019 has done a great job of describing the Gold Uptrend with a very high Pearson's R 0.86 Coefficient and whilst Gold stays in this channel long trades are likely to work better.