What's that noise? IT'S GOLD
If you have not noticed and looked at the gold market price recently, let me tell you it is all over the place. The U.S dollar is getting stronger and a likely Biden stimulus could make things only make things look more bearish for the yellow metal.
I am currently seeing some bullish price action in the gold price but the fundamentals causes uncertainty in me.
Price yesterday the 14th found support at the $1930 level and has not touched that specific level again, but is ranging between $1836 and $1852.
A break above the $1880 level would lead me to believe that there is a bullish trend emerging and a break below the $1810 level would cause me to think that maybe price could go all the way down to the $1770 level.
I am currently seeing some bullish price action in the gold price but the fundamentals causes uncertainty in me.
Price yesterday the 14th found support at the $1930 level and has not touched that specific level again, but is ranging between $1836 and $1852.
A break above the $1880 level would lead me to believe that there is a bullish trend emerging and a break below the $1810 level would cause me to think that maybe price could go all the way down to the $1770 level.
Penafian
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