TL;DR: We will most likely see Gold making another bullish run back towards the 2071.00 area. Once it reaches the previous resistance, it'll most likely fall back towards the support/ supply zone that's marked out (1923.78~1932.23).
We can see how the events around the world are playing out. We see a strong surge in Covid mainly in 3 countries. There is also mass...
TL;DR If XAU/USD bounces back down from 1730-1739 resistance area we can potentially see a large liquidity grab on the HTF. Ultimately pushing Gold into the 1800 and possibly further regions.
We can see how XAU/USD has taken a Bullish course after SARS Covid-19 Pandemic across the globe. We can see how gold was stuck in a large range the past 7-8 years after...
We see previously on March 6th, 2020 this currency pair has left a 114.7 Pip gap. Following this gap we can see an extreme Bull trend take away the market into areas previously tested in 2017. Shortly after the Bull trend we can see some bearish momentum form into an extreme sell off to solidify the bearish market structure. And now as of recently we can see that...
