Gold Gold Daily Video, February 01, 2021

Sive Morten

Special Consultant to the FPA
Messages
14,702
Good morning,

Gold fundamentals are far from bullish and technical picture remains bearish as well. Despite that we have bullish grabber on monthly chart - this is very long term perspective, and it is always needs some fundamental factor or event that makes it to reach the target.

 

Brett Reynolds

Sergeant Major
Messages
869
My stop held @ $1880 on Friday. Looking for Downward continuation this week provided quiet News. Coming into Spring will see much less covid cases and vaccines coming quickly! Gold still looks like it needs to 'Fade the Big Rally of 2020!? 2021 could see much deeper retracement and some consolidation at lower levels for some time!? Who Knows..? But all things being equal and coming out from Pandemic should see Risk Off' in 2021!?
 
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