XAUUSD SPOT BULLISH SEQUENCE

GOLD - CHANNEL BREAKOUT

  • Gold gained positive traction for the second straight session on Tuesday.

  • Any pullback might be seen as a buying opportunity and remain limited.

The momentum remained well supported by the prevalent bearish sentiment surrounding the US dollar, which tends to benefit the dollar-denominated commodity. Apart from this, nervousness ahead of the US Senate runoff elections in Georgia and worries about surging COVID-19 cases further underpinned demand for the safe-haven XAU/USD.

Disclaimer- Any of my investment or trades I share on my blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.

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Any of our investment or trades we share on our blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.

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