Gold has been moving significantly higher as of late largely due to the US government shutdown fueling the fire for safe-haven assets.
Typically through January, precious metals perform well and this is likely to continue however we must see some pullbacks first before getting back on the bull run. If price retraces back to the key support level of $1270.00 we can look for long opportunities, Our moving averages remain bullish adding confluence to the idea.
Typically through January, precious metals perform well and this is likely to continue however we must see some pullbacks first before getting back on the bull run. If price retraces back to the key support level of $1270.00 we can look for long opportunities, Our moving averages remain bullish adding confluence to the idea.
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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.