I strongly believe that Gold has been long due for an ultimate correction down to around 1440 - 1460 arena but the event of 2020 (Pandemic, the drama of the former US president over the last few years, and quite a few uncertainties) and the relative weakness of USD over time has stalled this. The very steep bull of Gold towards the end of 2019 till the early part of 2020 to me still needs to be corrected.
I am keeping,y fingers cross and trading the upside with multiple confirmations as there could be a sudden correction that might get everyone unprepared. I will not be greedy as I know gold can easily put some 100 - 200 pips in my pocket like 2wice within a day just ranging though dangerous to trade a ranging market but will keep my stop loss very tight.
This is just my opinion and shouldn't be taken as certain as we do not trade certainty in forex by high probability with proper risk management.
Happy trading
I am keeping,y fingers cross and trading the upside with multiple confirmations as there could be a sudden correction that might get everyone unprepared. I will not be greedy as I know gold can easily put some 100 - 200 pips in my pocket like 2wice within a day just ranging though dangerous to trade a ranging market but will keep my stop loss very tight.
This is just my opinion and shouldn't be taken as certain as we do not trade certainty in forex by high probability with proper risk management.
Happy trading
FINSPOT ACADEMY