Gold is falling along with all other asset classes. This is due to general corona fear/panic and because of banks in need for short term cash. How do they get cash? Sell all assets which can be converted to cash quickly and Gold is one of them.
This might open up a buy opportunity for people who missed the gold train. Technically, the area around 1400 USD could be a buy zone, due to volume support and fibonacci retracement support. Maybe, it won't even fall that far. Let's see.
What's your opnion?
This might open up a buy opportunity for people who missed the gold train. Technically, the area around 1400 USD could be a buy zone, due to volume support and fibonacci retracement support. Maybe, it won't even fall that far. Let's see.
What's your opnion?
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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.