Hi, There has been a lot of talking about gold having reached its peak and is due for a pullback. See below article by David Lin (Kitco) 24 April 2020 "Gold prices are set for corrections in coming months"
Short term trend a complete reversal into the $1000 is unlikely, Investors should brace for correction into the $1550 an ounce level before inflection occurs and gold continues its long-term bullish trend. Long term trend could see $1800 an ounce.
Green resistant lines are drawn on the 4 Hour chart.
Good luck.
kind Regards
Short term trend a complete reversal into the $1000 is unlikely, Investors should brace for correction into the $1550 an ounce level before inflection occurs and gold continues its long-term bullish trend. Long term trend could see $1800 an ounce.
Green resistant lines are drawn on the 4 Hour chart.
Good luck.
kind Regards
Comment:
Gold -1.2%