Gold - Long - Continued Upside Potential
We still see Gold moving higher on the back of fears surrounding the spread of the Coronavirus and the impact it could have on the global economy as evidenced by a significant drop in equity markets as well as oil today. Therefore we expect Gold to keep moving higher and we believe it could pass through $1600 in the coming trading sessions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.