Here is my ST view on Gold.
Gold is struggling as market didn't decide yet on direction (short or long). There are plenty of reasons for this uncertainty: US Stimulus (short Gold) Vs Risk off (US Election and COVID 2nd wave) (long Gold).
The confirmation of each direction will come with a close below 1882 for shorts or a close above 1913 for longs.
Gold is struggling as market didn't decide yet on direction (short or long). There are plenty of reasons for this uncertainty: US Stimulus (short Gold) Vs Risk off (US Election and COVID 2nd wave) (long Gold).
The confirmation of each direction will come with a close below 1882 for shorts or a close above 1913 for longs.