Gold looks bullish attractive in the near term
On technical aspect the price is breaking out from the declining parallel wedge at 2040 which will likely takes it to the support at 2055 to 2060.
Fundamentally, the global economic and geopolitics in the middle east also support the near term increase in Gold price.
> The slowdown in growth in Euro area means interest rates cannot stay high for so long, and a move declining rates will make precious metals a safe haven for investors
> Middle east crisis
Fundamentally, the global economic and geopolitics in the middle east also support the near term increase in Gold price.
> The slowdown in growth in Euro area means interest rates cannot stay high for so long, and a move declining rates will make precious metals a safe haven for investors
> Middle east crisis
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.