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home / news releases / UBG - Gold: When To Take Profits


UBG - Gold: When To Take Profits

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Gold Goes Parabolic: When To Take Profits

Gold is on fire in 2020, up 10 straight sessions, around 25% over the past year and is breaking out to multi-year highs. However, the recent run-up suggests gold may be overheating and the technical image implies that a short-term mini-meltdown is likely. Furthermore, the fundamental backdrop coupled with the likelihood of an overreaction due to geopolitical uncertainty implies gold is probably headed for correction and/or a consolidation phase before it can continue to make new highs.

Technical View

Source: StockCharts.com

In its 9th straight up-day,

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Stock Information

Company Name: UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641810
Stock Symbol: UBG
Market: NYSE

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