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MagnatUK

GOLD - Technical nad Fundamental BUY

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
MagnatUK Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Technical Indicators Trend Analysis Beyond Technical Analysis
3
0
indicator trendanalysis beyondta
XAUUSD
As on the screenshot.

Gold has a serious bid from fundamental problems of purchasing it due to problems with refinery delivery (Hong Kong is completely locked) - I am talking abut psychical gold. Investors often decide paying premium just to have gold delivered.
Technical also looks stronger than ever especially now when FED confirmed printing unlimited amount of dollars ...
Comment:
2T FED stimulus bill still not confirmed so may see small drop before the move higher. Lets watch and act. Long term position is good short term we may see a drop.
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