phoenixTraders2020

Gold more likely going to bullish

TVC:GOLD   CFDs on Gold (US$ / OZ)
According to the reduction of dollar demand and based on the raising channel, most probably will hit the 1940 first, then pull back up to 1920 to raise more after. But if any good bad news heard from the stock market, again will drop down to 1900 or below.
Comment:
As Informed earlier, due to the vaccine news of #JohnsonandJohnson today, #stockmarket slipped and dollar raised as a safe currency immediately for more than 400 pips!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.