piotr18050

GOLD ready for a breakout of 1921

OANDA:XAUUSD   Gold Spot / U.S. Dollar
-dxy broke down 93.00
-gold already made quite a build up and waits for a direction
- suppoer seen at 1837
-mont long range beetween 1850 and 1950
-possible visit to september 1973 high
-us stimulus deal is likely and will push the usd lower thus gold higher ( even the hopes of stimulus have negative usd impact)
- sellers stop losses will be hit above 1921
-hopes for instutional traders to enter long after breakout
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