Gold has done well in recessions in the past and extremely well during depressions. Considering our current economic situation, gold has a driving force to keep the price moving in a bull pattern. From the last big correction it has entered this channel and is testing the lows below the moving average. Unless we see a large correction like we saw in Feb/March this is a good buying opportunity, then sell at mid to top range of channel.
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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.