Expecting Gold to start a seasonal Bullish Christmas Rally and price can reach 2100 by end of Jan 2021. If we get a retracement this will be the last buying opportunity.
I agree..We are heading into a good season for gold but often it is better to hold it into mid february rather than end of January for more profit, or at least hold onto some of the trade until then ..I think it will pullback one last time this week also like you have stated but back to no more than 1825....which to me once it does not go much lower..says this seasonal trade should work and the bottom was in at the start of December....Best of luck with your trading...
MULTIDIMENSIONALTRADER
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@SmileR2020, Thanks! I agree with holding to Feb 2021, I have around 25th Feb as an exit plan. I am hoping it does not drop below 1820 however am ready for 1790 just incase.
All the best!!
Muddle_Headed
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Gold will go back to $1300
Bitcoin is killing Gold. Institutional investors are choosing Bitcoin as a reserve currency instead of Gold. Billions of money are engaging with Bitcoin. Within 2021, trillions of Dollars are gonna be invested in Bitcoin. and within this period, Gold will go back to $1300 (The neckline of bullish flag from where Gold started the boom rise).