Historically, gold's 100-day moving average has been a good entry-point for traders and buy-and-hold investors. As you can see from the chart, it's provided support on multiple occasions.
If gold is extended relative to its moving averages, you could wait for a pullback to go long. However, you might miss out on further upside, if the precious metal is in a strong bull market.
If gold is extended relative to its moving averages, you could wait for a pullback to go long. However, you might miss out on further upside, if the precious metal is in a strong bull market.
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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.
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.