Gold is once again moving to trade just above $1,550 as it battles against the persistent risk-on mood on stock markets and the strength of the US dollar. Despite this, the support level of $1,550 is still intact, with the price only falling below that level yesterday for a couple of hours before rebounding. Gold’s success in holding onto this key level confirms the strong appetite of investors for bullion currently.
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.