XAUUSD Long and Short Thesis
Main notes are on the chart, please look.
If gold can get a daily close above 1930, I may be a buyer. More so at 1945+. It's looking that way.
However, I think the banks will liquidate their positions to derisk ahead of the elections, increasing the DXY, thus hitting the precious metals hard. Gold 1800 or maybe lower.
If gold can get a daily close above 1930, I may be a buyer. More so at 1945+. It's looking that way.
However, I think the banks will liquidate their positions to derisk ahead of the elections, increasing the DXY, thus hitting the precious metals hard. Gold 1800 or maybe lower.
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