Buy Gold on pull back
I remain bullish on Gold due to potential continued uncertainty with the UK's monetary policy and also the ECB. Gold may continue to be a safe haven especially if USD releases poor data.
A pull back to the 38.20% fib would ensure the best entry with an add to the position at the 1366.62 breakout. The up trend has remained particularly strong despite the anomaly of the move down to the 200 moving average at the end of May but since then has continued to look like a solid trend.
A pull back to the 38.20% fib would ensure the best entry with an add to the position at the 1366.62 breakout. The up trend has remained particularly strong despite the anomaly of the move down to the 200 moving average at the end of May but since then has continued to look like a solid trend.
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.