Seeking Alpha
2020-05-29 02:26:00

Gold: Patience Is A Virtue

Gold has been treading water for weeks now and seems to be slightly stuck above US$1,700.The weekly chart is still bullish, and the daily chart is neutral.U.S. elections could put gold under pressure staring in September.Risk/reward for gold is not ideal until at least the daily chart is oversold.Very short term, gold seems to be oversold and ready for a bounce.

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