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Gold bulls trying to respond, but a positive outlook is far less secure

From hmarkets.com

We remain positive on gold within the recent uptrend channel, however, the immediate bullish prospects are now far less secure. Over a medium to longer term outlook, both fundamentals and technicals remain strong and suggest weakness is a chance to buy. However, the near term technical outlook is becoming more uncertain in recent sessions. Gold is finding it very difficult to sustain traction right now amidst a mix of signals. . A failed breakout on Monday came amidst a surge of outright bullish market sentiment that came with a potential COVID-19 vaccine. However, yesterday’s sell-off came amidst renewed risk ... (full story)

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  • Category: Technical Analysis