Gold: Is the big comeback coming? (Aug.9, 2022)

Positively for bulls, the precious metal escaped this year’s descending price channel. The overall trend is still down, but this breakout was a crucial first step in the bullish direction. Time will show whether this is just a due rebound or something better.

Disclaimer > This post is purely informational. It does not constitute a trading or investment advice. Financial markets are inherently risky. Honor your risk management decisions.