Gold spot price is continuing its slow dance around the $1,800 mark, waiting for new market movers. Friday started with a new test to the support zone of $1,795, followed by a rebound to $1,800. The price is in a relatively thin lateral range between $1,790 and $1,818, but a break down or a breakup from these levels would open space for bigger movement. While gold is in the current phase, volatility remains low.
Chief analyst at ActivTrades and technical analyst for Italian newspaper 'La Stampa'. Carlo Alberto provides regular commentary for UK outlets including the BBC, Telegraph, the Independent Bloomberg & Reuters. He is also a weekly commentator for CNBC Italy and a columnist for La Stampa. He worked for Bloomberg as their Equity Research Fundamental Analyst before joining brokerage ActivTrades in 2011 to specialize in currency markets and commodities. In 2014 he published a 250-pages book on gold and the gold market, followed in 2018 by a new updated edition.
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© 2019 High Leverage FX - All Rights Reserved.