Overall, Gold has a bullish trend .
However, can't deny the fact that it has gone parabolic with movements $100 up or down. The impetus to move gold at the heights of 3500 was the US implementing tariff on China products known as the trade war. Nevertheless, this seems to start settling and uncertainty in the market has started to subside. I believe it needs to have a substantial correction before going any higher following future geopolitical events.
However, can't deny the fact that it has gone parabolic with movements $100 up or down. The impetus to move gold at the heights of 3500 was the US implementing tariff on China products known as the trade war. Nevertheless, this seems to start settling and uncertainty in the market has started to subside. I believe it needs to have a substantial correction before going any higher following future geopolitical events.
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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.