With another year of easing ahead, combined with more stimulus packages (money printer goes brrrrrr), I'm expecting USD to continue tanking in 2021 which should send Gold to the ~2300 level. From a technical level we see a nice exhaustion candle at these lows. This setup has nice risk/reward and looks like a probable move.
Note
Currently sitting at 1867.79, about $25 upside on Gold since entry, stops should be moved to breakeven for a risk-free trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.