4h is looking to form inverted Head and Shoulder, the price should not go below 1770 for upside in coming week.
After staging a sharp recovery from the lowest levels in seven months, gold prices are higher on Friday. XAU/USD bottomed at $1760/oz during the Asian session and then rebound.
BEARISH THEMES
Gold to fall on talk of Fed tapering
As long as real interest rates are rising, gold will be in trouble
Institutional flows to Bitcoin strikes gold
Good news on the COVID-19 vaccine front while Biden transition kicks off
The rise of vaccines, one step closer to beating this virus
Improved productivity thanks to telework is bad news for gold
Gold is a reservoir for needed margin call money
Iron ore future demand to wane
Optimism among investors is bad things for gold
Fool's gold as fiat inflation hedge
Palladium affected by decreasing car sales worldwide
Gold yields no interest
Gold does not disappear, it is accumulated
BULLISH THEMES
The pandemic winter will take longer than thought
The electrification push will mean a massive demand surge for silver
Rising demand for electricity and electric vehicles drive copper and platinum
2021 should see improved gold demand
Biden's presidency looks promising for the price of gold
Democrat takeover to drive Americans into gold
Global economic recovery and reflation trades to play out strong
Boost for copper as Democrats complete the blue sweep
Biden's blue wave provides upside potential for copper
Democrat-controlled Senate to expand the US fiscal deficits even further
Silver price is substantially lower than historic high
Biden’s stimulus plans to be realized, supporting silver
Fed to go big and fast
After staging a sharp recovery from the lowest levels in seven months, gold prices are higher on Friday. XAU/USD bottomed at $1760/oz during the Asian session and then rebound.
BEARISH THEMES
Gold to fall on talk of Fed tapering
As long as real interest rates are rising, gold will be in trouble
Institutional flows to Bitcoin strikes gold
Good news on the COVID-19 vaccine front while Biden transition kicks off
The rise of vaccines, one step closer to beating this virus
Improved productivity thanks to telework is bad news for gold
Gold is a reservoir for needed margin call money
Iron ore future demand to wane
Optimism among investors is bad things for gold
Fool's gold as fiat inflation hedge
Palladium affected by decreasing car sales worldwide
Gold yields no interest
Gold does not disappear, it is accumulated
BULLISH THEMES
The pandemic winter will take longer than thought
The electrification push will mean a massive demand surge for silver
Rising demand for electricity and electric vehicles drive copper and platinum
2021 should see improved gold demand
Biden's presidency looks promising for the price of gold
Democrat takeover to drive Americans into gold
Global economic recovery and reflation trades to play out strong
Boost for copper as Democrats complete the blue sweep
Biden's blue wave provides upside potential for copper
Democrat-controlled Senate to expand the US fiscal deficits even further
Silver price is substantially lower than historic high
Biden’s stimulus plans to be realized, supporting silver
Fed to go big and fast