XAUUSD (Gold) A Candidate for Whipsaw or Extreme Long

Gold is nearing its major support, between levels 1745-1760. The formation of a triple bottom is highly unlikely in this scenario so the next best scenario is to wait until it hits 1745 or at least 1760. it is important to apply proper risk management as anything can go for this month with the bulls already exhausting for the US currency yet can still show some strength due to a lot of negative implications that COVID 19 or other economic news can do to the pairs' standing(s).

Disclaimer: This is for educational purposes only.