Next Leg
Technical - Price has rebounded and closed back inside major trend line after a savage sell off. Also broken out of smaller triangle. Currently floating around the 0.236 fib, we may see a slight retracement to the 1594 area before next jump.
TPs: 1630, 1660, 1682, 1717
Final TP: 1759
Fundamental - Gold has always historically been heavily invested into in times of global crisis, so it should in theory do the same. The big March sell off could be a big push down to take out buyers before a huge leg up. I personally think we will see price hit 2000 in 2020.
TPs: 1630, 1660, 1682, 1717
Final TP: 1759
Fundamental - Gold has always historically been heavily invested into in times of global crisis, so it should in theory do the same. The big March sell off could be a big push down to take out buyers before a huge leg up. I personally think we will see price hit 2000 in 2020.
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