Gold: Market supports Gold due to global uncertainty. Reason 2.
Gold reaches 7 month high in two weeks. This is a great move because global economy view is very negative.
US economy begins to react what happening outside America.
Absolutely, Gold is a good shelter for who seeking safe-haven asset.
I don't see any positive in current condition to remove this bias.
Hence, in the medium term, I believe Gold continue to receive the bid.
Look at on the chart, Gold broke the key resistance trend line, this is a good signal shows it will continue to rally.
This is the second reason why USDollar selloff is not over.
US economy begins to react what happening outside America.
Absolutely, Gold is a good shelter for who seeking safe-haven asset.
I don't see any positive in current condition to remove this bias.
Hence, in the medium term, I believe Gold continue to receive the bid.
Look at on the chart, Gold broke the key resistance trend line, this is a good signal shows it will continue to rally.
This is the second reason why USDollar selloff is not over.
