Here adding to longs as the swing towards 1600 looks only a few sessions away, well done those riding this leg from the previous 1550 positions. Risk is not showing signs of abating via coronavirus, inflation is back with a vengeance and it's time to continue working the bid in Gold.
Fir the portfolio: BUY GOLD 1575 | TP 1600 | STP 1565
On the Technical flows tactically bidding 1575 and looking for 1600 makes sense, there is a lot of room still left to the topside as can be found in the medium-term charts:
Continue to ride the pig towards 1600 and beyond. I find a lot of comfort leaning on the reflationary price drivers and with the caveat being risk via coronavirus slowdown also being bullish for Gold it makes sense to me/
Thanks as usual for keeping the support coming with likes and comments.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.