Shiny Yellow Metal To ATHs ?

Updated
Given the uncertainty in the equity markets, the big unknown in terms of the Hamas/Israel ceasefire along with upcoming recession, and the weakness in growth names this week, perhaps gold deserves a second look as a hedge against further downside for economy.


what do you think ? let me know about your thoughts on this shiny metal.

Not a financial advice I could be wrong.




Note
when I go long I will post it here
Trade active
my order has been filled at 1950 , hopefully it wont hit my stoploss.
Note
if you are in this for the short run the earliest place you can take profit is when this hits ATHs.
Trade closed: target reached
take your profits and run away for some time
Note
looks bullish short term snapshot
Beyond Technical AnalysisEconomic CyclesElliott Wavesafehaven

Also on:

Related publications

Disclaimer