Gold Futures Analysis
I hear say that due to how closely tied to the USD Gold is you can see things (events, news, etc) that can affect the USD or even the US's economy can have an effect on the Gold.
With ALL that being said, considering COVID-19 is still as prevalent as it was when it first appeared in US citizens; I'm presuming that THESE Gold prices that we're seeing (PRICE ACTION) are volatile because SMART MONEY investors are hopping out of the market in hopes that some serious move to a specific side (Bulls/Bears)...essentially waiting for a new AREA OF VALUE to establish itself on the charts.
As of now I see volatility in the market symbolizing uncertainty...so until the market shows us that, we'll just sit and wait patiently.
With ALL that being said, considering COVID-19 is still as prevalent as it was when it first appeared in US citizens; I'm presuming that THESE Gold prices that we're seeing (PRICE ACTION) are volatile because SMART MONEY investors are hopping out of the market in hopes that some serious move to a specific side (Bulls/Bears)...essentially waiting for a new AREA OF VALUE to establish itself on the charts.
As of now I see volatility in the market symbolizing uncertainty...so until the market shows us that, we'll just sit and wait patiently.
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