In the last few days we have seen a general decline in volatility, which has also been reflected on gold with the price steady at 1,880, waiting for new market drivers.
We are seeing an interesting challenge between the risk-on, which is still dominating markets and is a bearish element for gold, and the overall uncertain scenario, with central banks still forced to print money and the continued presence of Covid-19 ensuring the economic damage will last for a long time.
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.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.