Gold is trying to hold the support level of $1,550. In the short-term bullion has lost momentum as investors are less concerned about the US-Iran situation. This strong correction has not changed the main trend, which remains positive. Focus has now moved to NFP data, where any figure below expectation could be supportive for bullion price.
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.