If you have not noticed and looked at the gold market price recently, let me tell you it is all over the place. The U.S dollar is getting stronger and a likely Biden stimulus could make things only make things look more bearish for the yellow metal.
I am currently seeing some bullish price action in the gold price but the fundamentals causes uncertainty in me.
Price yesterday the 14th found support at the $1930 level and has not touched that specific level again, but is ranging between $1836 and $1852.
A break above the $1880 level would lead me to believe that there is a bullish trend emerging and a break below the $1810 level would cause me to think that maybe price could go all the way down to the $1770 level.
I am currently seeing some bullish price action in the gold price but the fundamentals causes uncertainty in me.
Price yesterday the 14th found support at the $1930 level and has not touched that specific level again, but is ranging between $1836 and $1852.
A break above the $1880 level would lead me to believe that there is a bullish trend emerging and a break below the $1810 level would cause me to think that maybe price could go all the way down to the $1770 level.