Short answer to that question is Yes, Gold is currently expensive but for good reasons.
Fundamentally Gold is a great hedge for traditional stock markets when experiencing turmoil, e.i Banks.
Bonds are also under pressure and that all leads to an influx of cash to this safe haven currency.
Technically for scalpers this is a great selling opportunity right up to $1960, were that our potential execution price as well.
Fundamentally Gold is a great hedge for traditional stock markets when experiencing turmoil, e.i Banks.
Bonds are also under pressure and that all leads to an influx of cash to this safe haven currency.
Technically for scalpers this is a great selling opportunity right up to $1960, were that our potential execution price as well.