Gold price will rise or not? Pfizer vaccine approved by the US FDA.

Gold Analysis

Gold has bounced back from the lower low zone of a downtrend line.

xauusd signal on gold down trend analysis

Now, it’s moving in a minor downtrend line. As per our previous week Gold analysis, gold has reached around 1860 and then fall down again for correction.

XAU/USD price made a correction from the minor downtrend line.

Let’s wait for the breakout or reversal from this minor downtrend line.

gold vs currency rate fluctuations

Gold price is moving up and down in a ranging market between 1835$ to 1875$ as US fiscal stimulus delay. US Dollar and Treasury yield lower recently which helped the Gold to boost.

The reduction made on stimulus package program is positive for USD. however, it is just a temporary gain on USD.

Gold bars with coronavirus infection

Gold declines as Vaccine hopes of Pfizer approved by US FDA.

Stimulus package delayed is also a worry for Gold to surge. Pandemic fears were gone in mindsets of Investors and shifted funds to Riskier currencies than Gold for higher returns.

Gold may continue to fall in a downtrend if the US Dollar gets strong.

Get Each trading signal with Chart Analysis and Reason for buying or selling the trade which helps you to Trade with confidence on your trading account.

Want to boost your profits in trading? Get the best trading signals at an accurate time. Try premium or supreme signals now:


Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.

Don't trade all time, Trade Forex only at Confirmed Setup