Outlook on Gold
By examining the chart, it is evident that the SSL resting at last week's low has been taken out as the price has also entered a previous +OB from the daily chart, which is also a weekly FVG. There may be a potential reaction in this area in the coming week, potentially causing the price to rally and close the gap created above. However, we need to closely monitor the situation, particularly in relation to the DXY next week, before we can make a proper assessment of where the price is likely to trade.
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.