Time to go long in gold
It appears to have completed its correction since the peak in August last year. A maximum bounce to $ 1,900 per oz (78.6% from fibo) is now likely.
The current price coincides with its 100-period EMA and the 161.8% fibo, it is a good entry point.
You can take a particular miner, go leveraged in gold, or buy a leveraged ETF.
GOLD
The current price coincides with its 100-period EMA and the 161.8% fibo, it is a good entry point.
You can take a particular miner, go leveraged in gold, or buy a leveraged ETF.
GOLD
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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.
Related publications
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.