The countdown clock is running down quickly with both Brexit and the US election getting ever closer to an end (at least for US elections). Despite this, we are not yet seeing risk aversion on the markets with stocks continuing the rebound started on Friday.
Bullion has also started the new week in green with the spot price again approaching $1,910. A clear climb above $1,925-$1,930 would open space for further rallies, while the scenario remains mostly unchanged so far with the long-term bullish trend untouched, while in the short term we are living a lateral phase in the big trading range $1,850 and $2,070. As mentioned, we have some intermediate levels, at $1,930 and $1,970 (resistances) and $1,885 and $1,872 (supports).
