❓ Will Gold prices recover from a recent slump?
Gold prices did not take the “vaccine news” lightly – indeed they tumbled quite hard declining nearly $100/oz and having many traders think – is the Gold rally over? While it’s true that a successful vaccine could take some safe haven allure away, the major driver – negative real interest rates, is here to stay. Technically Gold prices cracked through the 150sma but held the pivotal $1850 support. Furthermore, seasonality for incoming weeks looks fairly bright.
