XAUSD Daily Update 29/7/2020
Updated
The price of gold has hit an all-time high. The spot price of gold reached a record of $1,944.71 an ounce, well above its previous high in 2011. It later pulled back slightly. Gold traditionally surges in times of turmoil. In this case, the economic impact of the COVID-19 pandemic and US-China tensions are sending investors to this safe haven.
Note
according to my prediction before, xauusd is consolidating. most likely will continue the bullish trend, but look at the movement of indices that are likely to affect the xauusd bullish trend.
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.