We see Gold potentially rebounding from it's short term downtrend after it reached all time highs whilst it doesn't consolidate below support at around $1930. Ongoing social unrest in the US and a possible pullback in stocks as well as low rates and a weak dollar could trigger a flight to safety among investors and increased demand for the precious metal.
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.