XAUUSD is declining and testing local lows. The market has stopped paying attention to the conflict in the red sea, which is surprising, and focuses its attention on the comments of the Fed representatives, who are quite a lot of speakers and will speak this week. Of the news today, Core Retail Sales at 31:30 gmt is worth waiting for. Analysts expect unchanged data, but Bowman (FOMC) will speak at 14:00 and Williams (FOMC) will speak at 20:00, most likely to comment on the situation around inflation and further interest rate situation. Overall, the regulator is not ready to give up yet and may continue to keep the dollar strong.
As for gold, the price is still in a neutral consolidation phase. A breakout of one of the boundaries may determine the outlook and it could be a support breakout. In general, gold is returning to the descending range and testing support levels for the possibility of further decline. Most likely, bears will try to hold their zone, in this case gold may test 2013 within the bearish trend in the nearest future. And in the medium term, target 1994, where there is a huge pool of liquidity.
Resistance levels: 2024, 2030
Support levels: 2017, 2013, 2010
As the time horizons are determined both technically and fundamentally, gold may test local lows on the back of a rising dollar
GC1! 
DXY Regards R. Linda!
Dagangan aktif
Gold forms momentum downward and breaks the previously mentioned support.
Nota
First target reached!
Nota
It is possible to retest the resistance (nearest) before a further fall in the direction of the trend.Nota
US - Initial Jobless Claims = 187k (expected 205k / previously 203k) US - Philadelphia Fed Manufacturing Index (Jan) = -10.6 (expected -7 / previously -10.5 -12.8)
Overall, based on Initial Jobless Claims this is bullish for the USD.
Nota
Gold is testing the 2025 area. This is a key and psychologically important level.
What is interesting is that gold is growing together with the dollar :)
Most likely, the descending resistance line decreases its priority and we should pay attention to other zones.
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.