Gold: stage set for breakout [Video]
|Gold has been printing constructive price action of late, pointing to a potential breakout. Investors have been buying the dips in gold mainly because of the view that long-term interest rates will remain very low thanks to the vast central bank stimulus. In addition, the metal has been supported by haven flows due to elevated concerns over a second wave of infections.
In this video, I will be discussing some technical considerations and levels to watch, as well as the invalidation point – the level that, if crossed, the short-term bullish outlook becomes invalid.
Here is the analysis view:
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