GOLD (XAU/USD)

12 เม.ย. 2018

The fundamentals behind the rise of Gold price lies in the weakening of USD and Stocks. The traders and investors resort to the safe-haven (Gold). The Gold has maintained support over 1348, which is a pivotal number. Now, if the commodity manages to break out 1365, we see a very strong move towards 1400. The rising middle-east tension has allowed Gold to get more investors/traders. On a Daily chart, we are on Wave 3, which is supposed to be the longest wave. This gives us more confidence in going Long on the commodity.