MOEX:XAUUSD_SPTdespite to covid19 new variant it is proved that gold followed with a bullish movement in previous cases as traders in previous lockdowns see yellow metal as a safe investment and there are other factors that makes gold jump and see higher prices than before including: the inflation rate is concerned in accordance with feds announcement and as a matter of fact traders shift in long position in gold. the other fact is: about 350k long contracts have been set since nov 11th technically:we have an uptrend and bottom of that is about 1780-1785 beside, gold settled above the previous price since oct 2012. finally guys I'm looking forward to the price focus on good price entry and be careful of your stop losses.
Looks very bearish to me, to be honest Thanks for sharing
shaun_greenwood
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@OptimoomFX, agreed, even more so when you look at the weekly chart
InkyGrip
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thank you so much for sharing good content! 🦐
technicalmarshal
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@plancton0618, thanks
RajaQaiser
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a agree with you gold dip last friday and then it will long uptrend due to current economy situation. And us 10 y bond is also going down . Gold uptrend until coming week powell speak and nfp clears more of its direction .
Thanks for sharing