Gold is extending its recovery with markets cautious ahead of non-farm payrolls. Yields are diminishing and investors’ appetite for the yellow metal is rising, with the price now targeting the next key resistance at $1,520. This recovery is confirming the strength of bullion, with the peak of September within range and could a new potential target in case stock markets show any weakness.
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.