It looks like a potential H&S could be playing out on gold atm,
Although I personally wont be taking a short trade on it with all going on in the world, bullion is a great store of value against fiat currency and stock markets. More people will be looking for safe havens to store their wealth until the world returns to normal and markets start making a recovery which could be a while.
I would be however setting long positions off key areas of support levels hoping to catch the next moves up.
Although I personally wont be taking a short trade on it with all going on in the world, bullion is a great store of value against fiat currency and stock markets. More people will be looking for safe havens to store their wealth until the world returns to normal and markets start making a recovery which could be a while.
I would be however setting long positions off key areas of support levels hoping to catch the next moves up.