I think there is are a few long opportunities coming up next week. It just bounced off the 24.5 support. My guess is It will be granted, and that will bring down the DXY and push the XAU and XAG up to new or old highs. If it can break through that weekly resistance, there is a good possibility that it will go beyond 30.
But if the stimulus isn't granted, it will test the daily support and might consolidate between 21-25.
All in all, exciting times.
But if the stimulus isn't granted, it will test the daily support and might consolidate between 21-25.
All in all, exciting times.