FXStreet/Omkar Godbole

“Gold’s ongoing consolidation between the 100- and 50-day moving averages is healthy, as it will ease some of the persistent concerns on positioning and create room for further gains, according to UBS analysts.”

USAGOLD note:  UBS is on the $1600 gold bandwagon.  In fact, the Swiss banking concern thinks it could happen over the next three months.

Repost from 11-26-2019