Gold bulls entered the market
Gold just broke out of a downwards wedge. We have just seen a retest and are now at a period of consolidation. Move upwards expected as institutions go long. Take profit located at previous imbalance resistance.
Fundamentals: new omicron covid strain bringing stock market and USD down - should see relocation of money into safe haven assets. Also protection against looming hyperinflation and interest rates.
Fundamentals: new omicron covid strain bringing stock market and USD down - should see relocation of money into safe haven assets. Also protection against looming hyperinflation and interest rates.
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