With gold being very bullish towards the end of last year, we decided to sit on our hands for a while regarding updates on the commodity.
The price did recently run up all the way to $2,070, before dropping back into the 200 DMA.
We can see gold extend a deeper pullback into $1,850 this year before continuing to the upside. Gold on a fundamental level is looking relatively strong however we don't believe another bull run is on the cards just yet.
The price did recently run up all the way to $2,070, before dropping back into the 200 DMA.
We can see gold extend a deeper pullback into $1,850 this year before continuing to the upside. Gold on a fundamental level is looking relatively strong however we don't believe another bull run is on the cards just yet.