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LokeshSurana
May 20, 2022 1:58 AM

GOLD a possible inflation bet Long

GOLD (US$/OZ)TVC

Description

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!!! *

Comment

On crucial support now, 1760 will act as resistance.

Comment

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