SIGNAL UPDATE – GOLD LONG – CHANGE/ADD STOP LOSS
Markets are currently volatile, in contrast to what we have seen in previous weeks. For the time being, no one seems to take into account what is happening in Brazil and, above all, in India. However, thanks to their leaders, both countries have become a time bomb that can explode elsewhere in the world. Of course, no one wants that, but the threat is real. For now, however, it seems that traders have their heads bowed and can only look over their own “gardens”.
ORIGINAL TEXT: Gold Long. The price of gold is fundamentally supported by the Fed’s plan to keep interest rates low for a long time. The catalyst for the strength of gold is also Thursday’s sharp decline in US government bond yields and the generally weak US dollar.