Gold Spot / U.S. Dollar

Long

Time for gold to go higher?

By cheeracereed

Updated

This is a great time to go long gold, with the increasing corona concerns, and the upcoming us election and geopolitical tensions.

Note

SL around 1760.

Note

Stop at B/E

Note

To begin with, my target is around 2080-2150. However, I could see prices go to 2300, if the US real interest rate, goes to -2% or lower, which it probably will somewhere in the future if they want to turn their economy around.

Note

I am adding here at 1902. I am expecting a very bullish upcoming week.

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