Gold looks bullish attractive in the near term
On technical aspect the price is breaking out from the declining parallel wedge at 2040 which will likely takes it to the support at 2055 to 2060.
Fundamentally, the global economic and geopolitics in the middle east also support the near term increase in Gold price.
> The slowdown in growth in Euro area means interest rates cannot stay high for so long, and a move declining rates will make precious metals a safe haven for investors
> Middle east crisis
Fundamentally, the global economic and geopolitics in the middle east also support the near term increase in Gold price.
> The slowdown in growth in Euro area means interest rates cannot stay high for so long, and a move declining rates will make precious metals a safe haven for investors
> Middle east crisis
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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.