All technicals point to a sell structure. Amidst what’s happening in the US, the current president has stated he will leave the white house in an orderly fashion. What does that mean for the dollar? May gain strength as law makers and the FED are looking to make things stable.Stimulus package also very much in play.
Dear Precious Metal Traders
We are entering the holiday season and there will be less liquidity in the market
During this time, most pro traders take a break, as they are unwilling to trade against low liquidity and high volatility. There might be unpredictable price movements with higher spreads than normal. Trading during this time is risky, especially if...
Definitely a bullish trend but USA’s Non-farm payroll (NFP) and unemployment change will be released tomorrow and could case a massive breakout from this trend. Wait for the news before taking a huge move.
Dear Gold traders
End of year trading is different from other trading days. Hedge funds often make adjustments to their portfolios during the end of a calendar year. Long term investors also review the performance of their portfolios around the same period to decide if adjustments are necessary.
COVID-19 vaccine updates from Pfizer has caused heavy fluctuation...