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Gold Holding Near All Time High

July 27, 2020 by Mario Soto

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.  

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