Dollar drags Gold in short-term, Bulls determined to be back in long term   


It has not been the best of trading weeks for Gold, with prices trading around $1311 as of writing. Although a stabilizing Dollar during the early parts of the week dragged the metal lower, the medium to longer-term outlook favours bulls. With global growth fears and geopolitical risks weighing on investor confidence and market sentiment, Gold will remain a destination of safety for investors. In regards to the technical picture, bulls remain in control above the psychological $1300 with a breakout above $1313 opening a path towards $1324.


Reporting for EasyKobo on Thursday , 28 March 2019 in Lagos, Nigeria


Source: Lukman Otunuga, FXTM Research Analyst


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