Markets

Gold bulls still in control as market holds well above key support - Forex.com’s Razaqzada - KITCO

Source: KITCO

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DW NOTE

Gold has reclaimed $1,200 per ounce from its January high but bulls call it control above support. The metal is up 36.99% year-over-year while the Hormuz closure has sent oil down 26.4% from recent peaks. When physical supply shocks fail to lift the commodity they should favour most, technical levels are astrology.

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Gold bulls still in control as market holds well above key support - Forex.com’s Razaqzada - KITCO

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