Will Gold Hold Above $1,450? [Video]

Phil Carr The Gold & Silver Club

Gold continues to remains resilient in the face of risk-on sentiment this week.

Expectations for an imminent closure to the long-drawn trade dispute between the U.S and China is keeping gold prices trading within a tight range. In fact, since November 25 – every day, gold prices have been winding tighter and tighter. This ultimately indicates a big move is on the horizon. The only question now, is which way.

Whilst risk-on sentiment will continue to weigh on prices in the short-term, the fundamental backdrop for gold remains extremely bullish in the long-term. My advice this week – is to say nimble, trade the range and routinely take profits off the table!

Where are prices heading next?

Watch The Commodity Report now, for my latest price forecasts and predictions.

Author

Phil Carr

The Gold & Silver Club

Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

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