We still hold a neutral view on Gold as the precious metal has rebounded back up towards the base of the descending triangle pattern it formed at $1928. We are awaiting for to see if prices will consolidate above key resistance at $1928 before considering a long view. This is because we believe there could be significant upside in particular with uncertainty surrounding the coronavirus and the US election.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.