Golden forecast for next week!
Monday (1st May) is bank holiday and markets will be closed.
However, on Wednesday 3rd of May snap elections will be organised in UK.
Last time British people voted to leave EU price of gold moved up.
I expect the same to happen this time - as described on the plot!
Conservative party ruled by T.May will win these elections with significant majority of votes.
Since that time UK will begin Brexit negotiations, GBP will move down to EUR and USD.
Just few days after British elections there will be second round of French elections (Sunday, 7th May).
I predict E.Macron to win presidential elections that will cool down markets and gold will move down again.
Monday (1st May) is bank holiday and markets will be closed.
However, on Wednesday 3rd of May snap elections will be organised in UK.
Last time British people voted to leave EU price of gold moved up.
I expect the same to happen this time - as described on the plot!
Conservative party ruled by T.May will win these elections with significant majority of votes.
Since that time UK will begin Brexit negotiations, GBP will move down to EUR and USD.
Just few days after British elections there will be second round of French elections (Sunday, 7th May).
I predict E.Macron to win presidential elections that will cool down markets and gold will move down again.
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Sorry, I have messed up dates.
UK snap elections are next month.
It has got massive difference for XAUUSD.
UK snap elections are next month.
It has got massive difference for XAUUSD.