VjSharma_

Swing Gold Short

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Following general LH/LL structure, Monthly --> Daily are all bearish structure. 2hr and 4hr consolidated for some time so there are large sell orders generated and can bring in volume . Huge emphasis on the fundamentals; currently, there is investor optimism sentiment regarding the vaccine production (more and more companies producing vaccines and filing for EUA - J&J - also Moderna is starting a human study for booster shot), mass vaccination, and economic recovery (Biden's $1.9T economic relief package, UK Chancellor Sunak's economic relief package talks in March, and labor markets starting to strengthen a bit as lockdowns are gradually being lifted).