What's Next for Gold...
So, this is my weekly analysis for gold.
Honestly, I do think we can see a bearish push due to the political conditions in the USA.
President Biden has stepped down and this could make gold investors think twice before investing into this safe haven.
However, if we do see a push above our trendline we can see a reverse in the overall move.
But that could come later this week or next week.
I will keep you updated with this position.
If you have questions feel free to drop them.
Honestly, I do think we can see a bearish push due to the political conditions in the USA.
President Biden has stepped down and this could make gold investors think twice before investing into this safe haven.
However, if we do see a push above our trendline we can see a reverse in the overall move.
But that could come later this week or next week.
I will keep you updated with this position.
If you have questions feel free to drop them.
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.