XAUUSD short to 1570 long term as a major correction is needed after a multi year bull run. Also, on its recent bull run, Gold has move up really impulsively without retesting a lot of major zones, in the process creating a lot of imbalance which now needs to be filled. Inefficiency is a sign of weakness in any trend.
From a fundamental perspective, the US10 year Yields rising back to previous highs of 2020, will put pressure on Gold to drop as both assets correlate negatively. Also, with the roll out of vaccines and economies worldwide slowly reopening, the demand for Gold will drop. Waiting on the next big false flag attack by the worlds elite & shadow government, so that I have a reason to start buying Gold again long term!
From a fundamental perspective, the US10 year Yields rising back to previous highs of 2020, will put pressure on Gold to drop as both assets correlate negatively. Also, with the roll out of vaccines and economies worldwide slowly reopening, the demand for Gold will drop. Waiting on the next big false flag attack by the worlds elite & shadow government, so that I have a reason to start buying Gold again long term!