Is the gold rush coming to an end?

13 Agu 2020

Same again as yesterday going to keep a close eye on this one. I have seen some very mixed opinions on whether gold will shoot up or down. From what I’m looking at I can see a strong resistance to the 1950 level which is also the 0.5 level on the fibonacci. I personally am waiting for the next drop . If the drop does come the key support areas to look out for are the 1910 level followed by 1880. If price smashes through them we could potentially make it to the 1810 level.

That all being said I could be wrong and price could start to rally back up again which I suppose comes down to how the dollar performs in the near future.