Gold is known as a hedge against Inflation and currency devaluation. It is following the Time Cycle very well as u can see in this chart. Accumulating gold at current levels and on dips a can be a good strategy to ride the trend towards 70000 levels as long as 62000(cycle low) is held on the downside.
Comment
⋅
Gold crosses 6500 in just 2 days book part, trail rest, n accumulate on dip, view bullish towards 70000