Gold climbs as USD sinks to the lowest since 2018... 🏆

4 janv. 2021

Gold has taken market control along with other currency alternatives heading into 2021. It has surged above $1,940 an ounce to the highest in almost two months as lower U.S. real yields and a weaker dollar helped the metal build on its biggest annual advance in a decade. All of this growth and fundamental optimism is likely to spur on pressure to reattempt a new monthly breakout to the upside. As mentioned in the video, I would like to see a retest of 1930 before getting involved in any long positions. US fundamentals and further stimulus boosts saga is sweeping the dollar weakness into new lows.

8 janv. 2021

Transaction en cours

8 janv. 2021

Note

As noted above, the main victims of the Dollar revival, as Gold finally folded after fending off multiple attempts to take out Usd 1900/oz and then succumbed to a stop-driven collapse when the 100 DMA around Usd 1893 was breached in what some described as a flash crash. Upside bias still active.