Hi Folks:
With all the Covid cases growing non-stop worldwide and will all the involved travel restrictions and lockdowns, I believe the FED and BCE could reconsider their strategy and may extend their purchasing programs for a bit longer till the dust settles.
If that's the case, Gold should start going up as the interest rate hikes may be as well postponed for a later stage.
Psychology comes first, you know, buy the rumors, sell the news. So at this point seems interesting to try some longs to 1821 area more or less and above.
First things firsts.
STAY SAFE. Cheers
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With all the Covid cases growing non-stop worldwide and will all the involved travel restrictions and lockdowns, I believe the FED and BCE could reconsider their strategy and may extend their purchasing programs for a bit longer till the dust settles.
If that's the case, Gold should start going up as the interest rate hikes may be as well postponed for a later stage.
Psychology comes first, you know, buy the rumors, sell the news. So at this point seems interesting to try some longs to 1821 area more or less and above.
First things firsts.
STAY SAFE. Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.