Since biden is back in office now! The usd will have increased interest rates and thus get stronger overtime and thus making xauusd fall in value over time! And this can be proven since the days biden was announced xauusd took a short and fell over more than 760 pips! And now is just making range in this 1855-1895 area! If we see a low of 1847-1850 the market could break and this would be a very strong indication where gold would go just within the next week you will see! It’s going to happen—
We can hope into the short trades once we see xau @ 1847 level with SL just over 50 pips
The impact will be that strong
We can hope into the short trades once we see xau @ 1847 level with SL just over 50 pips
The impact will be that strong