Gold: stage set for breakout [Video]

Fawad Razaqzada TradingCandles.com

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:

Author

Fawad Razaqzada

TradingCandles.com

Experience Fawad is an experienced analyst and economist having been involved in the financial markets since 2010 working for leading global FX, CFD and Spread Betting brokerages, most recently at FOREX.com and City Index.

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