Gold Weekly Technical Forecast: Gold Coiling for Break-Out
GOLD TECHNICAL HIGHLIGHTS: Impartial
- Tug of Battle Between the Two Vs (Virus & Vaccine)
- Gold Coiling for a Break-Out
Tug of Battle Between the Two Vs (Virus & Vaccine)
This week has largely been characterised as a tug of battle between two market narratives. One being that encouraging vaccine research provides us the sensation that there’s an finish in sight. The opposite being the present actuality relating to the surge in virus circumstances throughout the US, which has led to renewed restrictive measures. In flip, markets have been considerably directionless with gold quietly consolidating.
of clients are net long.
of clients are net short.