Gold has been in a sustained uptrend since September 2018.
After a bullish break of $2000, a lot of the speculative hype has cooled off on Gold. The price has fallen back below the 2xxx now, however has relatively stabilized in the mid 19xx range. Given that price is in the top half of the channel, it is not advisable to enter new positions here, however existing positions could potentially be added to when the price is a little closer to the middle of that channel.
After a bullish break of $2000, a lot of the speculative hype has cooled off on Gold. The price has fallen back below the 2xxx now, however has relatively stabilized in the mid 19xx range. Given that price is in the top half of the channel, it is not advisable to enter new positions here, however existing positions could potentially be added to when the price is a little closer to the middle of that channel.
