Senate will determine gold trend. Forecast as of 10.12.2020

Despite the favorable environment, the demand for gold is declining. What will support gold, and what will press it down in 2021? Let us analyze the gold outlook and make up a XAUUSD trading plan.

Monthly gold fundamental forecast

Gold traders respect those who give money to the financial markets. They are the Fed, having surprised investors with cheap liquidity flows in the spring, and the Democrats, willing to provide a bigger fiscal stimulus than the Conservatives. Once the risk of a ‘blue wave’ started declining after the US presidential election, the gold has started falling in value and reached… Read full author’s opinion and review in blog of #LiteForex