The yellow metal is labelled as a ‘weapon of choice’ for investors combating the uncertainties of the pandemic. The World Gold Council said that global net inflows for gold-backed exchange-traded funds reached $39.5 billion, topping the previous annual inflow record of $23 billion from 2016, accordi
Gold bulls are taking a breather, having pushed prices to nine-year highs on Wednesday.
Weekly gain looks likely on coronavirus concerns and US-China tensions.
A key technical indicator is reporting overbought conditions for first since February.
Gold is lacking a clear directional bias on Thursd
monitoring 1789 as support to target 1821-1823 if break down , next support at 1779-1780 to target 1813 what if gold break down 1805.6? what if it hit 1813? well bull will be taking profit, gold will down more than 1779, but it just my opinion...
I think this is what's going on in gold , a massive blow off top is cooking. I am long via gold mining shares right now, looking to ride the rest of the upswing until we hit the top in about 6 weeks from now, then will likely flip short once buyers run out of money to thro