S&P Short, XAUUSD Long

As S&P sentiment continues to soften over the continued US Covid-19 outbreak, I expect we will see a fall in the S&P and opportunities to short as companies forgo dividends making the indices less attractive.

Conversely, the outlook on XAUUSD continues to be bullish , and expect cash to flow to the safe haven from indices as the outlook remains uncertain.

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.