Tradeciety

Gold benefiting on two fronts

COMEX:GC1!   Gold Futures
75 0 3
Gold             is no only seeing safe haven flows, but it is also used as wealth preservation asset these days. With interest rates at record lows, investors are piling into Gold             again.

The recent Gold             rally is not showing any extreme behavior the fact that Gold             is trading below its 2.5 Bollinger Bands shows that the rally is fairly moderate and not fear driven. The area of 1,150 could pose some challenges as two longer term trendlines meet with a resistance level , but if the macro environment remains uncertain and volatile, we expect the level to break eventually.
I am trading Forex for 10 years and 5 years ago I quit my corporate job to travel the world


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