Gold Consolidating For Now!

2020年6月10日

Gold is showing strength but is still inside a consolidation zone which began on the 14th April.
Price attempted to breakout above the consolidation resistance level at $1747 in May but failed.

So far, price is looking strong this week and with enough momentum, we may see a breakout soon
but we need to wait for it to happen to confirm a continuation to the upside.

Gold tends to trend well over the long-term, so despite the current sideways movement,
over time we may well see Gold continue to rise.

This commodity requires a lot of patience and if the uptrend continues then we should see price reach
the current all-time high at $1920 sometime in the near future.

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As always, keep it simple, keep it Sublime.