KQMarkets

Gold - Still Neutral after Pullback to $1500

TVC:GOLD   CFDs on Gold (US$ / OZ)
As we believed could be possible on our last analysis Gold has pulledback from peaking to $1530 towards $1500 on the back of a stock market bounce. This has effectively happened but we are still neutral for the moment because FED Minutes tomorrow and Chairman Powell's comments at Jackson Hole will likely lead to significant volatility and price action. Therefore we are holding our long position but would not want prices to fall much below $1500 towards $1480.

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