Sforex
Long

Gold: Market supports Gold due to global uncertainty. Reason 2.

FX:XAUUSD   Gold Spot / U.S. Dollar
86 0 1
Gold             reaches 7 month high in two weeks. This is a great move because global economy view is very negative.

US economy begins to react what happening outside America.

Absolutely, Gold             is a good shelter for who seeking safe-haven asset.

I don't see any positive in current condition to remove this bias.

Hence, in the medium term, I believe Gold             continue to receive the bid.

Look at on the chart, Gold             broke the key resistance trend line , this is a good signal shows it will continue to rally.

This is the second reason why USDollar             selloff is not over.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out