GOLD breaks above $1810!

Email from XTB:

GOLD breaks above $1800
Eyes record high!

Dear trader,

We’ve seen a breakout in gold this week, which has now traded above $1810 to reach its highest price in almost 9 years. The sharp move higher brings into greater focus the potential for GOLD to hit a new all time record high around $1917.

So what's next for GOLD's price?

Prices have rallied over 23% since the end of 1Q
Concerns over the global economy and as there is an inflationary hedge attracting traders to GOLD

GOLD OUTLOOK

There is a potential short term support level at its previous price reaction area around $1791
Global indices are retreating amid increased virus situation concerns. This has created a risk of flight to safety in gold
Further economic lockdowns have raised doubts about a nearby recovery
Political uncertainty relating to Brexit and EU/US trade deals and US/China has driven more demand to GOLD
The prospect of negative interest rates amongst central banks has added more interest in switching to gold for safety

(EDIT: as of now, gold is trading at over $1812!)