News and Market Analysis

Gold Holding Near All Time High
by
MARKET INSIGHTS

After strong rallies and hitting levels never seen before, gold hold steady around $1940-$1945. Not much has changed since our last update. The US and China tension and the increase in COVID-19 cases has given the precious metal a cushion to lay on.

Key Technical levels

For the Bears

A look at the previous high at $1921.14 would be the early target.

For the Bulls

To the upside, the immediate hurdle is around $1937. Should Gold hold above that look to target the current all time high of $1944.74. A break past this may see a run to $1950.