This ties directly into what we wrote for Gold for this week. We're expecting a bullish USD over the first half of the week, possibly halted and reversed by bearish fundamental factors on Wednesday and/or Friday. If the current level around 111.300 breaks, I'll look to possibly buy at the retest of the broken trendline around 110.900.
Price action and the specifics of Wednesday and Friday news will be crucial for the week.
(Our Gold analysis is a private markup within Phoenix FXC. Contact us on Facebook or LinkedIn if you're interested in gaining access to our private chart projections.)
Price action and the specifics of Wednesday and Friday news will be crucial for the week.
(Our Gold analysis is a private markup within Phoenix FXC. Contact us on Facebook or LinkedIn if you're interested in gaining access to our private chart projections.)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.