Currently, Gold is in a tactical short-term game, represented by a compressed price in the $1900-2000 range, combined with fragile summer activity and market complacency. shared.
Looking at gold's technicals, investors should watch for support at $1970. Below $1,970, we could see $1,930. Below $1,900 we could see $1,850, but not much lower. And if holdings hold true today and yields fall (which is likely), the $1990-$2000 period is more likely to be bullish.