Updated: Why is Gold Stalling at Current Levels
As I had said in my previous post, the current price is at a Very Strong Resistance Level. Will the pattern repeat itself in the Year 2008? Will there be another liquidity issue that will cause Gold to have a sell-off? The Weekly Chart has a Higher High and Lower Low. As long as COVID 19 is still the talk of the World then the QE Infinity will be taking a backseat. Why? I just think that the markets want to assess when the COVID 19 will peak and show that the reported infections are declining so that the market can now focus what the gov't is doing - corporate stimulus and QE Infinity.
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