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josephdahrieh
Dec 7, 2020 1:22 PM

Gold Buy Signal!! Long

GOLD (US$/OZ)TVC

Description

Gold retraced nicely from 1750/60 area, and i believe that the last bounce is impulsive as we can see a 5 wave formation momentum.

that means any pullback for gold between 1820-1805 level is an opportunity to long gold. i know that the vaccine news can work against our analysis but with all respect i think that the market already discounted the vaccination news.

so gold most probably will be affected by the stimulus program that will be adapted form the treasury.
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