phoenixTraders2020

Will the daily downward trend of gold be broken ?!

TVC:GOLD   CFDs on Gold (US$ / OZ)
Due to two similar Movements in recent weeks, the price has approached the ceiling of the Downtrend channel and we expect to see the descending for Gold against the Dollar by any positive news near the New Year.
Of course, we know that the negative news and statistics of Pandemic continue and the stimulus has already left its effects on the market. Therefore, if there is no positive news from the United States (such as the decline in the Pandemic rate), the dollar may continue to weaken against gold .

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