Gold Monthly Analysis
With trade wars between the US and China ongoing, we have already seen the impacts of the conflict:
1) Investors moving to safe havens like gold and JPY
therefore, we have seen a surge in Gold prices since last 2 weeks.
Im expecting gold to continue rising as the conflict continues.
Banks are still holding and picking up gold as the market advances. I expect a drop /dip before a safe buy.
Trendline may act as support if looked at the daily chart.
With trade wars between the US and China ongoing, we have already seen the impacts of the conflict:
1) Investors moving to safe havens like gold and JPY
therefore, we have seen a surge in Gold prices since last 2 weeks.
Im expecting gold to continue rising as the conflict continues.
Banks are still holding and picking up gold as the market advances. I expect a drop /dip before a safe buy.
Trendline may act as support if looked at the daily chart.