Cr0ssm4n

Gold facing 2 strong resistance.

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we know Russian Sputnik vaccine news had impacted gold to start falling. This trendline is very strong and tested manytimes. + support line 1 is crossing. So I think it will reject strongly.
USA federal reserve guys are gonna tell us something important soon but that won't effect gold very much. Because vaccination is ongoing. Which means we will coming to live normally asap. So people don't have to grab gold but they will invest and spent their money without jeopardy. Plus Gold has young rivalry BITCOIN.
I assume Gold will fall in 2021. (In long term Gold is very rare metal and it has limit so trend is up)
Disclaimer

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.