Consolidation in Short Term - Bullish in Mid Term

13 Kas 2020

With no stimulus likely being passed while Trump is still in office, there is no reason to expect a large move in XAU. However, with Governors likely shutting down states in the coming months and potential high uncertainty of financial conditions come Biden's inauguration, Gold should retest the mid-2020 highs.

This is just a perspective and not financial advice.