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.
Kommentera:
Currently sitting at 1867.79, about $25 upside on Gold since entry, stops should be moved to breakeven for a risk-free trade