โ๏ธWHAT HAPPENED TO GOLD AND WHY: We saw Gold broke out of the falling resistance Which suggested bullish continuation on Gold However, Bullion fell massively on 6th or January 2021 And continued falling further below the recently broken resistance Which might have something to do with Biden being confirmed to be the next president On the 6th of January, which decreased the still present uncertainty among the mkt players Thus decreasing demand for gold as safe haven โ๏ธ
โ๏ธGOLD TRADING PLAN Now the price reached a support confluence Of a horizontal minor support And a falling support line And I think Gold will try to win back the previous gains Therefore, you can see 3 targets for a long trade Target 3 being the final one within this trade ideaโ๏ธ