GOLD TO PUSH $2000

27 juin 2020

We seen a nice bullish push last week from XAU amid fears of a second wave of COVID-19. XAU is a safe haven that will hold its value, even if there is another virus outbreak which will see particular currencies take a hit due to trade/business restrictions and a possible lockdown. On the technical side of things, we seen price breakout out of resistance - RSI also indicating there is also certainly more room for this pair to go up. Fundamentally and technically it makes perfect sense to take long positions, but where? I would personally look for longs @ and if it makes previous broken resistance new support. We and all of the members in our trading group will certainly have an eye on this pair next week!

27 juin 2020

Note

Of course be careful with entries if you decide to trade this pair. Will be very volatile - also we don't know how far price will retrace before pushing again. Let's see....