Gold Spot / U.S. DollarUpdated Gold Move
1) From my perspective, gold had just broke bullish trend line and touches 1500.
2) A lot are going on in the market that pushes this yellow metal down given the pandemics Corvid19
3) Stock plunges down, margin stop call is probably one of the reason this metal is also down.
4) Loose monetary policy
5) Fear sentiments
6) Reach the cycle
next support will be around 1450 and worse could be 1350
This is just my review and opinion towards Gold.. Please discuss
Happy Hunting & Good Luck :)
2) A lot are going on in the market that pushes this yellow metal down given the pandemics Corvid19
3) Stock plunges down, margin stop call is probably one of the reason this metal is also down.
4) Loose monetary policy
5) Fear sentiments
6) Reach the cycle
next support will be around 1450 and worse could be 1350
This is just my review and opinion towards Gold.. Please discuss
Happy Hunting & Good Luck :)
Note
yup... 1450
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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.