BUZZ-Gold has ample scope and reason to rise further

Others
* Gold dropped $250/oz during U.S. election * An event spurring fear of a trade war drove down a safe asset * Rapid rebound follows as safe assets attract and gold now less-owned * Correction flipped gold form overbought to oversold * Room to rise over $2786 record peak toward top 20-day Bollingers at $2818 * Targets for a bigger rise: $2845, $2940, $3035, $3171 and $3343 * * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ gold targets https://tmsnrt.rs/3ZrxSLn gold https://tmsnrt.rs/4eObi40 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))
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Published Date
21 Nov 2024 at 3:55 PM
Publisher
Refinitiv
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