XAUUSD
As I write this article XAU is currently at 1951! As many of you know we had the Presidential elections here in the US this week and it caused quite a bit of investor uncertainty! Gold rallied strongly towards the middle of the week with little pullbacks in sight! Based on the current Fibonacci setup I THINK we should be able to get a retracement into the 1930 region and POTENTIALLY even 1911 to tap 61.8 prz level. My upside projections are $1980-$2k this week depending on fundamentals that are released. Joe Biden was elected President this weekend so I am expecting to see huge gaps once the market opens!
XAUUSD
As I write this article XAU is currently at 1951! As many of you know we had the Presidential elections here in the US this week and it caused quite a bit of investor uncertainty! Gold rallied strongly towards the middle of the week with little pullbacks in sight! Based on the current Fibonacci setup I THINK we should be able to get a retracement into the 1930 region and POTENTIALLY even 1911 to tap 61.8 prz level. My upside projections are $1980-$2k this week depending on fundamentals that are released. Joe Biden was elected President this weekend so I am expecting to see huge gaps once the market opens!