GOLD a possible inflation bet
After giving a breakout in the 2nd week of Feb this year, GOLD rallied near its lifetime high.
It can be seen it retested a lower range of trendline in last week and again bouncing.
Maybe in the short term volatility will be there, for a conservative investor it's a good price and time to accumulate.
- Not a short-term advice/trade.
- Historically other assets like treasury yield outperformed gold in some instances, so one can think another way.
* Happy trading!!! *
It can be seen it retested a lower range of trendline in last week and again bouncing.
Maybe in the short term volatility will be there, for a conservative investor it's a good price and time to accumulate.
- Not a short-term advice/trade.
- Historically other assets like treasury yield outperformed gold in some instances, so one can think another way.
* Happy trading!!! *
Note
On crucial support now, 1760 will act as resistance.Note
The view went wrong completely.
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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.
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.