GOLD's Bullish Momentum Not Dead Yet

29 thg 2, 2020

Yesterday, we saw a huge selloff of Gold down to its support at around 1590-1600. With all short and long term moving averages showing bullish momentum as well as global economic slowdown and uncertainty due to Covid-19, I will expect safe havens to continue to outperform. For now, we can expect the bullish momentum to its all-time of 1800 in 2012 before short-covering might take place again.