olly_price

Possible moves on gold

Panjang
FX:XAUUSD   Emas Semerta / Dolar A.S.
My opinion on gold is

1. It would make a good buy position now, and
2. it makes a good hedge for a portfolio.

The reason I think it has upside potential is due to the dwindling investor sentiment in central banks' ability to drive inflation through monetary policy. For this reason, I think that the coming few quarters will see investors buying into gold as both a safe haven and a portfolio hedge.

This triangle could be a good start to further upward movement.
Penafian

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