KQMarkets

Gold - Still Long Upside Potential

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold has pulled back from looking to challenge $1600 on the back of fear surrounding the Coronavirus and the subsequent sell of in global equities. However, we still maintain our long view as Gold is a very popular safe haven and with the current uncertainty and the low rate environment whilst Gold is above support at $1537 we see significant upside potential.

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