Gold has finally found support at $1290, before bouncing back above the level of $1313. No doubt, that sudden bounce in global equity indicies looks not to sustain at the current level. On March 12, 2019, equity bears are likely to come forward amid still persisting fear of global slowdown due to long-lasting impact of tariff trade war tussel, even after it’s permanent escalation. I find that a closing above $1313 on March 12th, 2019 will confirm the continuation of uptrend voyage in gold.
Watch my commentary on gold.
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