Gold Bulls Breakout
The price of gold has traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may persist throughout the second half of the year as the Federal Reserve vows to “increase its holdings of Treasury securities and agency MBS (Mortgage-Backed Security) and agency CMBS (Commercial Mortgage-Backed Security) at least at the current pace.”
Gold chasing 2020 high of $1818.
Recent developments in the Trend Boost Indicator warn of a potential bullrush in bullion as the indicator snaps the short trend from 9th June after failing to push into oversold territory.
Gold chasing 2020 high of $1818.
Recent developments in the Trend Boost Indicator warn of a potential bullrush in bullion as the indicator snaps the short trend from 9th June after failing to push into oversold territory.
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