Trend analysis in XAUUSD (Gold/US Dollar)

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold has proved strong in the past few months. Economics experts still talk for further bullish moves on Gold as the pandemic continues to damage the global market and economy in general. This pair has also shown support on the 1900 mark and is re testing it again today. Hoping and predicting that it will continue respecting the current trend line .

Regarding further fundamentals
USA is under political pressure from all points thus it can be unpredictable

Key Point
Keep an eye on DXY , keep lot size at minimum and wait for a price action before entering the trade.


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