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Dear Members,

As tomorrow is Christmas, there is a huge lack of liquidity in the market. And due to this low liquidity, spreads are very high. Also the market volume is very high

Less signals will be sent out!

Because of the less setups in the market

Let’s be patient!

Merry Christmas Everyone! 🎅❄☃

From TradeWithBolu, we would like to wish you a wonderful Christmas and success in all your tradings.🥳🎁🎉

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GOLD LONG TERM ANALYSIS

XAUUSD (GOLD), has made its way back to the Resistance of it's long term downward trend channel at around the 1885$ level.

With the Recent signing of the stimulus package by the US President, Donald Trump, we have seen a weakness of the USD which could be a good time for the Bulls push gold higher.

We can still see price is clearly still above the 200 Day Moving Average, which could also be a sign of Bullish strength.

Going into 2021, we would be looking for a break of this major trendline resistance and a possible retest before taking any position yet.

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US 30, during Yesterday's New York Session broke past its previous major Resistance to for a New all time High. We can see this is a response to the new stimulus bill sign-off.

Price currently is making it's way back downwards to its previous resistance which it recently broke out from as it couldn't find any form of Support on it's way up. We would want to keep an eye on how price reacts to that precious resistance zone.

Since price is still above the 200 Day Moving Average, we would want to keep a bullish bias on this index, as going into 2021, there are signs of new stimulus packages that would still be rolled out which could push the stock index Higher.

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UK100 BUY

SL 6600

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