Potential of Gold
Many of us could be pushing back into gold for two reasons. One, you know as well as I do that with more possible stimulus likely, and the potential for inflation, gold could potentially make another run from its record highs from August. Two, if you could look at gold’s three year chart, you might see that the trend appears intact.
Since 2018, gold appear to have consistently remained above its 200-day moving average. Whenever gold dipped below that average, it only appears to have been temporary. So long as gold could stay above this moving average, prices could potentially move forward.
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