MagnatUK

GOLD - Technical nad Fundamental BUY

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
OANDA:XAUUSD
As on the screenshot.

Gold has a serious bid from fundamental problems of purchasing it due to problems with refinery delivery (Hong Kong is completely locked) - I am talking abut psychical gold . Investors often decide paying premium just to have gold delivered.
Technical also looks stronger than ever especially now when FED confirmed printing unlimited amount of dollars ...
Comment: 2T FED stimulus bill still not confirmed so may see small drop before the move higher. Lets watch and act. Long term position is good short term we may see a drop.