Business & Investment

XAU / USD: Market Expectations and Recommendations-Analysis and Forecast-December 30, 2020

You can see interesting and unusual pictures. The stock index is rising, but the price of gold is not falling. Investors’ enthusiasm to continue investing in high-risk assets in the equity market seems to be at the top. At the same time, financial markets still have elements of instability and uncertainty that meet the demand for gold and enjoy the status of defense assets.

Investors thus also insure against the possibility of a sharp rise in inflation. At the time of this writing, the XAU / USD pair was trading near the 1880.00 mark, above the significant short-term support levels above 1874.00 and 1865.00 (see). Technical analysis and trading recommendations)


..No significant economic news is planned today. Tomorrow the whole world will celebrate the new year. Banks and financial markets will be closed, and virtually all Forex brokers and transactions will be closed on Thursday (31 December) and Friday (1 January). Trading volumes will fully recover after the New Year and will probably only recover after January 10th. However, active activity in the thin market on the first day of the new year should not be ruled out.

On the eve of the new year, financial market conditions remain unchanged. Investor optimism, supported by the world’s largest central bank’s pursuit of very soft monetary policy and expectations of an imminent victory over the coronavirus, continues to push US and global stock indexes to record highs. I am.

Support levels: 1874.00, 1865.00, 1845.00, 1810.00, 1770.00, 1685.00, 1560.00, 1510.00

Resistance levels: 1907.00, 193.3.00, 1963.00, 1976.00, 2010.00, 2075.00

Trading recommendations

Sales stopped 1860.00. Stop loss 1890.00. Take Profit 1845.00, 1810.00, 1770.00, 1685.00, 1560.00, 1510.00

Buy Stop 1890.00. Stop loss 1860.00. Take Profit 1907.00, 193.3.00, 1963.00, 1976.00, 2010.00, 2075.00

*) For trading, I choose This broker And use VPS (Enter your promotion code to receive the bonus-zomro_17601)

XAU / USD: Market Expectations and Recommendations-Analysis and Forecast-December 30, 2020

https://www.mql5.com/en/blogs/post/742194?utm_campaign=RSS&utm_medium=display&utm_source=MQL5+EN+Blog XAU / USD: Market Expectations and Recommendations-Analysis and Forecast-December 30, 2020

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