Gold has shown extreme bearish momentum since last Tuesday, institutional buyers took the price all time high and dumped it. Price will continue the drop either from the current area or from 2020. Our target is 1930 region which will be 700 pips.
show some love if you agree with the idea and good luck :)
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200+ pips moving well
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Price dropped 240+ pips down until 1972. The FED interest rate decision weaken usd heavily and thus helped investors to invest in XAU out of fear!
What if there is war escalation or strong dollar after this week's announcements?
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@TheoKand remember when the situation becomes new normal which doesn’t bother any further to big institutional investors. So war escalation situation is very unlikely to affect the gold prices. Yes Fed meeting tomorrow may have implications on how gold price may trend for rest of the month.