As we seen since the pandemic stocks have struggled to world lock down. So investors go for the safe heaven. One of them being Gold. So its been going to the moon.
The economy has slowly been recovering, however 1000's still losing their jobs. I think that gold rally will be over in the short term. But stock will struggle to recover, and with a chance of a 2nd wave could mean gold shooting up again. I will be looking for a little short then buying for the major key level on the retest.
Cheers for following x
The economy has slowly been recovering, however 1000's still losing their jobs. I think that gold rally will be over in the short term. But stock will struggle to recover, and with a chance of a 2nd wave could mean gold shooting up again. I will be looking for a little short then buying for the major key level on the retest.
Cheers for following x
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We hit TP1. 2nd position running SL at BE.