I've been on a short for over a day now, GU reached 1.33 but failed to break above and printed a shooting star. In my opinion I think GU will fall to 1.295-1.30. Otherwise, if it breaks above a 1.325 then we could potentially see a 1.33-34
Following Biden's win earlier today It seems like the DXY will extend it's losses further and as a result more demand for the safe haven Gold. Price is breaking out the bearish trend forming a double bottom at 1850. This week Gold will make some big moves so be prepared!