Gold Trend Analysis over H1 Chart

Zaktualizowano
Overall Gold is in Uptrend,
THREE FACTORS DRIVING GOLD
1) Increasing COVID cases in EUROPE and fresh locksdowns.
EFFECT : POSITIVE FOR GOLD

2) FED CHAIRMAN selection ( set for Tuesday)
EFFECT : POWELL - HAWKISH (GOLD DOWN)
BRAINARD - DOVISH ( GOLD UP)
3) Growing speculation on FED intervention due to increasing Inflation.

Looking for short term selling opportunities.
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