Gold back to around Feb 2020 prices - Support?

1 thg 3, 2021

Gold has been falling hard recently and is now on the trend line relative to price before COVID. Will it find support here for a rally or will it keep slowly sinking down to the bottom of the channel or trend line? It really feels like money is shifting into crypto and gold is not the cool kid any more. However, if I learned anything over the past year is that rotation in to poor performers can cause them to sky rocket. Maybe gold will start looking attractive at these prices and we can see another rally.