During this uptrend the 1W MA50 (blue ) has been acting as a Support setting the Higher Lows of this . The most by which the price broke below the 1W MA50 before rising was -3.60%. On the current price action that puts the bottom at 1,405, which means that for a long term investor entering Gold again now is excellent in terms of Risk/ Reward, as long as he aims for a new Higher High (i.e. +1,700).
Our latest Gold trade:
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