IF GOLD CAN BREAK THE PREVIOUS HIGH 4059.28 THEN IT COULD BE GONE 4100.00 OR MORE HIGH LABEL!!

Gold, fundamentally, has been passing a high-demand situation. The trade war, which was sparked by unexpectedly high tariffs on China and India by the US government, This tariff and trade war brought the dedollarization.

India, China. Russia and many other countries have been increasing their gold reserves. Not only this, but now the world economy is getting uncertain. When the world is facing any worse situation, then the gold demand becomes high; it is the evergreen gold demand fundamental.

In a technical view, gold in monthly, weekly, and daily charts is fully in a perfect uptrend. The trend momentum is very high. Last month 02 September, gold was able to break the five-month-long range with huge spike volumes candle as per the daily chart..After this, gold is continuing its bullish rally with great strength. And last week it reached the label 4059.2,8, which is a historical new price high record ever. Last Friday, gold also made a bullish continuous price action pattern- the Inside bar pattern. So we expect that, if the gold price can break this week’s previous high label 4059.28, then the gold price could go 4100.00 or higher!!