Fundamentally, gold is mostly bullish as a safe-haven asset. We have many factors pushing the gold price up. The main reason why it is going up is because there is fear in the market. We have lost count on how many factors that pours into the "fear" factor. But as long as fear is present in the market and economy then Gold's 3000$ psychological price target is very feasible and positive no matter what the price action says.
Edge finder scored a "very bullish" score on gold. Any dips, will buy.
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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.