Dev5777

XAUUSD long term sell opportunity

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
gold is reaching the all time highs as the us dollar starts to weaken...

First thing we are looking at is the coming resistance level of 1795 however it could take the current resistance and fall from here as well.

Second thing to watch for is the Us China trade relations as tensions are starting up there again.

and finally the Covid-19 situation....There should be easing of restrictions and there should be no negative interest rates.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.