At present, there are more bears in the gold market than bulls, mainly because the corona virus is under control. In addition, the Fed chairman speech said that the U.S. economy is performing steadily and well. The price of gold is still consolidating. The volatility has been weak. With the stock market and the US dollar rising, the interest of gold has turn weak too. Currently, Sellers occupy the level of 1575 to 1585. The bulls are located in the 1550 and 1530 range. 1570 keep continues to enter new sellers, $1570 will become key these few days. I advise open buy in every dip locations.
#The mainstream is usually wrong, and the big institution always play to hit trader stop loss
#The mainstream is usually wrong, and the big institution always play to hit trader stop loss