BlackbearTrader

Russia/Ukraine Crisis effect on Gold

Long
TVC:GOLD   CFD sur Or (US$/OZ)
Gold is usually seen as a safe haven. In the event of an invasion by Russia into Ukraine I would expect Gold to go up. Now, Gold went up approximately 10% during the last crisis so I expect a similar result. If Gold does rise 10% again this would lead to a breakout of a right-angled triangle and would lead to near all-time highs so I would sell near that region since it could be a level of resistance.
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