We are at a very interesting price point with gold and the worlds economy at this current time.
We have seen Gold prices reaching their highest levels since 2013 as all the big players have been accumilating the yellow precious metal. Where as silver has started to outperform the yellow metal, traders and Investors have began to realise the economic impact of gold as a safe haven especially with the impact of Coranavirus (COVID-19).
Effects of the rsing tensions between US & China trade talk, drop in stocks, treasury yields and IHS ecomomic data has provided a boost for the precious metal. Overall, it seems the upcoming rally within the precious metal industry which also includes silver could be significant at the moment and not a opportunity to be missed!
As always... PATIENCE, CONFIRMATIONS, ENTRY, PROFIT!!
Comment
⋅
How things have developed since our monthly drop and we may see lower drops until lower price orders are fulfilled to see a big bullish rally for the months to come with this safe haven metal finding it's feet within the current panic around the world with COVID-19
Comment
⋅
Comment
⋅
Comment
⋅
Comment
⋅
We are now at a very crucial level where we can swing either way. My bias right now is for us to go straight to 2250/2500 as the next targets. I would like a retracement from 1850 but market fundementals have sentiments for the bullish market.