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sosgoodlfc
Sep 23, 2020 10:11 AM

Gold has touched the accumulation zone Long

GOLD (US$/OZ)TVC

Description

As gold comes into the blue area I'm personally happy start adding into weakness here. Still expecting a move into wave 5 coming into the latter end of the year.

Additional notes - The Dollar has recently broken up from a consolidation which could cause some further volatility. Regardless I'd still be adding, we are in a metals bull market with all the fundamentals aligned for much higher gold prices.

Obviously not advice - Just my take on it.
Comments
jamesmargetts
Fully agree, nice and simple analysis!
sosgoodlfc
@jamesmargetts Thank you
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