Gold is steady with no clear direction. The price has been affected by the general risk-on scenario, which has boosted stock markets in the last few days. Investors are betting on riskier assets, reducing, or at least not increasing their gold reserves. It is worth pointing out that bullion rebounded on the support level placed at $1,850, remaining in the lateral channel between $1,850 and $2,070 where the price has been dancing for the last 3 months.
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.