Long On Gold
Gold on Daily Timeframe retrace a little bit and will go as we see boom in last week. Now I Would go with Up trend due to closing above last 2 weeks resistance.It May Retest and Will go upward due to CPI Data and American Going for Monetarily Relaxation by Showing that inflation is undercontrol. In Long term we see banks and other institution face recessationary pressure and America and China will lose some of its momentum in coming Year. BE READY!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.