Gold has lost its luster

Recently, gold tested its previous high from September last year which it failed to pass through the line. Gold then reversed down and gave us the first shorting opportunity around 1349; currently, gold is trading around 1321-1324 so this is quite a late call, but I believe we could see roughly, at least, another 2000 pips move due to stronger dollar and lower geopolitical tension globally. We could see dollar move back to trading around 90.5x which translate to gold trading possibly around 1300

Trade fermée manuellement