More COVID-19 Vaccine Effectiveness May Drag Gold To 1818

Long

Or / Dollar Américain (OANDA:XAUUSD)

OANDA:XAUUSD Or / Dollar Américain

supportandresistance fractal economiccycle gold xauusd

When Pfizer (PFE) and Moderna (MRNA) announced that their Covid-19 vaccine data showed a 95% effectiveness, gold plummeted to a low at 1850. If more pharmaceutical companies come with similar news, gold could be forced to re-test daily support at 1818 level, or 1850 may continue to hold before the weekly bullish structure catches-up...

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