Gold Price Watch - Buy, Sell, Or Hold?!

Gold has had quite a year of gains. It started the year at around $1,500 USD and was just a few weeks ago sitting at $2,000 USD! Right now it's sitting at $1,920... So, is it too late to get on this train? Is it sell time?

We think right now, gold appears to be bullish but might be dropping more in the short term. We see a possible descending triangle and MAs getting closer. That could change of course, so it's important to watch closely everyday!

For now, we would hold what you have and not sell yet... Buying could be an option if the descending triangle plays out and the price drops. Things could change quickly though, gold could still breakaway and move up. The only problem it has is there is a lot of sell pressure at $2,000.

Keep watching the charts! 📈

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Please note : this is opinion and should not be taken as financial advice.