Very interesting situation on GOLD, I prepare for You two possibilities with nice profit. I think that price of CRUDE OIL is growing up, so industry is slowly recovering. In that case price of GOLD should go down. Today GOLD try to break the line near 1952.30, but always with rejection so it is second signal to price goes down.
I am just wondering ....... you say industry is recovering ....... the whole Europe is under lockdown again and worse than 10 months ago, US, Canada record high numbers of infected and dead, at least I could have beer on patio last summer, now all pubs are closed again, theaters never opened, people don't buy anything but food, nobody travel ......... what kind of industry is recovering? Oh ...... money printing industry ...... I agree, the busiest people 2020 & 2021 definitely.
TomTraderFX
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@gpuric, In some countries in Europe for example, restrictions are only to half January. I think that vaccines positive affect on industry, some amenities for people with COVID vaccine - for example traveling, some countries allow to move the border without quarantine when you have a document about aniCovid vaccine. Chinese economy sector also growing up.
I'm accountable about full lockdowns for example in UK, but pandemic not finish since day to day. Everything need time to back to normal. GOLD will be in a high price for few month I guess.
Printing money is a one of the mains points why GOLD is on High price.