- After having a good run in 2019, seems like Gold's momentum is continuing in 2020
- Iran and US tension had cause Gold price to spike but quickly came back down
But is it really OVER !?
From technical analysis point of view:-
- Gold is having a healthy pullback apart from the spike during the start of the week
- 0.618 Fib level should be a good support area
- Expect price to bounce around 5 & 13 EMA
Build your first entry around 1550 area
*Personally, I am still bullish on OIL and GOLD
- Iran and US tension had cause Gold price to spike but quickly came back down
But is it really OVER !?
From technical analysis point of view:-
- Gold is having a healthy pullback apart from the spike during the start of the week
- 0.618 Fib level should be a good support area
- Expect price to bounce around 5 & 13 EMA
Build your first entry around 1550 area
*Personally, I am still bullish on OIL and GOLD