Gold Gold Daily Video, January 18, 2021

[Sive Morten]

Good morning,

Gold has only theoretical chances to turn situation on bullish direction again as overall fundamental background doesn't look friendly.

 

[Tryingtrader]

Thank you Sive once again for a sound technical analysis, I shall be waiting for this market to show clear direction before taking a position. A bullish grabber seems to have formed on Monday morning, but I do not think this is the beginning of a bullish move yet. The US inauguration is happening in two days, so I think it prudent to just wait and see how this pans out.