XAUUSD, pushed by the Central Banks
Still in an upward underlying trend, the price of gold seems to have formed a chartist figure, the flag would imply a slowdown in the price since the rise in 2018.
The causes of this new rise in recent weeks is the fact that central banks have amassed a large amount of gold during the third quarter. At first, the price could continue its rise up to $1900, then on its ATH of $2070. Otherwise, if the price sinks below 1600 points, we could expect a return to the $1500 zone.
The causes of this new rise in recent weeks is the fact that central banks have amassed a large amount of gold during the third quarter. At first, the price could continue its rise up to $1900, then on its ATH of $2070. Otherwise, if the price sinks below 1600 points, we could expect a return to the $1500 zone.
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