After giving a breakout in the 2nd week of Feb this year, GOLD rallied near its lifetime high.
It can be seen it retested a lower range of trendline in last week and again bouncing.
Maybe in the short term volatility will be there, for a conservative investor it's a good price and time to accumulate.
- Not a short-term advice/trade.
- Historically other assets like treasury yield outperformed gold in some instances, so one can think another way.
* Happy trading!!! *
It can be seen it retested a lower range of trendline in last week and again bouncing.
Maybe in the short term volatility will be there, for a conservative investor it's a good price and time to accumulate.
- Not a short-term advice/trade.
- Historically other assets like treasury yield outperformed gold in some instances, so one can think another way.
* Happy trading!!! *
Comment:
On crucial support now, 1760 will act as resistance.
Comment:
The view went wrong completely.