Lets go to happy again, traveling and do more happiness mental to repel all sickness and pandemic
Whatever OPEC say, i take SHORT on Russia agreement with opec momento
Many crypto trader average release their token from this period till end of day in January and first week of February
in the Election Year, over the past 5 years data, DXY show up seasonal trend.
Gold could be donwward after no stimulus fade out. Possible mark at Oct Low @1973 with in target. SL could be good @1905 based on fibonacci retracement
I think GOLD will going down 1800-1790 for the next week : Reason : 1. 10Y Note has gradually up from the bottom 2. USDollar Index makes double bottom pattern on D1. 3. All employment US data so green 4. For the last Q4 US economic calendar, window dressing will going further to the north and cash out flow from Yellow metal based on 5Y seasonality down in next...
Referring to the high stock market, of course the US will repeat the stimulus program, QE or whatever it is to meet money liquidity. I believe that will be repeated again as 10 years ago in 2009 QE1,2 & 3 were launched. For this, gold will again have a valuation equivalent to the level of inflation in the future.
After several weeks in Oct, gold doesn't break down 1475 and make LL more upper three times. I would like to long position with SL @ 1475 with 1502 TP for Mid-term trade. Good Luck
i saw 1.28364 is 61.8% fibos on W1, i put on GBPUSD for short term with TP 1.2663. I will let it Loss @ 1.3000. Good Luck.