GOLD has a bullish longterm overview on the daily timeframe, with set targets as each resistance gets broken.
fundamentally, with the war currently going on between Isreal and Palestine, high volatility is bound to push gold higher. Also, the Dollar will fall as Biden continue to seek funding in billion of dollars, which will cause supply of dollar to be higher than the demand, due to excess dollar in circulation.
Now will be a good time to short Dollar and long commodities.
Let me know your thoughts in the comment section...
Thanks for taking your time to read this analysis.
Disclaimer~ Analysis has only been made on speculation, there in no guarantee that this outcome will play out. Please do your own research and due diligence before taking trade.
fundamentally, with the war currently going on between Isreal and Palestine, high volatility is bound to push gold higher. Also, the Dollar will fall as Biden continue to seek funding in billion of dollars, which will cause supply of dollar to be higher than the demand, due to excess dollar in circulation.
Now will be a good time to short Dollar and long commodities.
Let me know your thoughts in the comment section...
Thanks for taking your time to read this analysis.
Disclaimer~ Analysis has only been made on speculation, there in no guarantee that this outcome will play out. Please do your own research and due diligence before taking trade.