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davidshinkel
Jan 19, 2021 7:55 AM

Upside on Gold Long

GoldOANDA

Description

With another year of easing ahead, combined with more stimulus packages (money printer goes brrrrrr), I'm expecting USD to continue tanking in 2021 which should send Gold to the ~2300 level. From a technical level we see a nice exhaustion candle at these lows. This setup has nice risk/reward and looks like a probable move.

Comment

Currently sitting at 1867.79, about $25 upside on Gold since entry, stops should be moved to breakeven for a risk-free trade
Comments
HundoeRicher
Great analysis always amazing work! Can’t wait to see how this plays out
davidshinkel
@HundoeRicher, Appreciate it!
anilpurifx
Gold investors are waiting for new secretary speech to confirm go long .
davidshinkel
@anilpurifx regardless the inflation will keep gold supported, imo, I’m getting in before the move happens
anilpurifx
@davidshinkel, i was in long from 1826 with very small lot. Lets gets this gold boil.
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