Following the bearish bias on USD and the expecting of XAU strength in December due to fundamental analysis and bias. We need to look at technical analysis for entries. I need a pullback to support before buying creating a plan.
For GOLD we have two Tp's, 1. $1970 and 2. $2035 for December. I'm expecting GOLD to rise until February.
Fundamental reasons for bearish USD
Biden winning and clear direction for government policy
A possible vaccine to covid
Seasonality
End of the year
Low-interest rate and possible more stimulus packages
For GOLD we have two Tp's, 1. $1970 and 2. $2035 for December. I'm expecting GOLD to rise until February.
Fundamental reasons for bearish USD
Biden winning and clear direction for government policy
A possible vaccine to covid
Seasonality
End of the year
Low-interest rate and possible more stimulus packages
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