danresdidualfx

Gold trade perspective; medium long term bias

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Although US fundamental activity has been progressively bullish, the pandemic outbreak of the coronavirus has had an effect on economies conditions, which can also deter attention from further progress talks between US and China. On a technical standpoint, confluences are pointing towards a more extensive push on gold prices to $1581 before a potential reversal.

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