FX:XAUUSD   Gold Spot / U.S. Dollar
downward trend activated - double top formation

Comments

Mid-term this should go up there is almost no liquidity to gain from a downside move
Reply
maazussen Don_Knowles
@Don_Knowles, I think there are quite some factors around gold's movement. Especially around vaccine related news. Also it all depends on the different trading goals/strategies/plan. Mine is intraday movement that i like to capture rather than the long term picture. Good insight from your perspective - thanks could help me predict some longer term picture
+1 Reply
Don_Knowles maazussen
@maazussen, Vaccine and this Biden stimulus will add both upward and downward pressures to Golds overall movement, never forget the long term trend is bullish but if your strategy is intraday there is much to gain from this hectic movement we currently see. New ATH is possible but so is 1600s again just wherever the "liquidity" lies.
Reply
maazussen Don_Knowles
@Don_Knowles, Yep agreed. it's good, refreshing to get your insight
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out