GOLD Forecast

FX_IDC:XAUUSD   黃金 / 美元
Gold has done well closing at the key support level , however there is some strong resistance ahead which it needs to take out
clean for a long bullish signal. I am long on Gold since 1260 due to its technical pattern and commodity itself. It has been very much under pressure the last couple of years but has done well in 2017. 2018 looks bullish for gold if it takes out the strong resistance levels of 1348/1375 than we can clearly see 1425/1472 Insight. Gold has been creeping up for the last couple of months due to increasing risk factors of US economy as well as global stock market. Crypto and Gold can have a long bullish
run side by side in the coming years once the Stock market is set for a major correction. I would recommend buying gold as a hedge against stock and Crypto market volatility . As long as gold stays above 1290/1300 We can expect a bullish sign for this commodity.
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