Gold price has started the week by falling to $1,460, as investors’ appetite remains focused on riskier assets.
The scenario is now getting more complicated for bullion, as a new fall below $1,445 would mean much more pressure from bears, creating space for further declines. Only a solid recovery to $1,470 can halt bullion’s current 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.