Gold: buy the overshot pullback
Technicals
Gold broke strongly through the resistance level drawn, before closing slightly above it and then pulling back below it.
I have been long gold for a while and this 'overshot' pullback provides further buying opportunities.
Fundamentals
Following Brexit, we are likely to see UK, European and US stocks take further hits; further warnings from many UK companies; further warnings from the UK government. All these will likely drive gold higher.
Gold broke strongly through the resistance level drawn, before closing slightly above it and then pulling back below it.
I have been long gold for a while and this 'overshot' pullback provides further buying opportunities.
Fundamentals
Following Brexit, we are likely to see UK, European and US stocks take further hits; further warnings from many UK companies; further warnings from the UK government. All these will likely drive gold higher.
Trade ativo
Long
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.