Meanwhile, the US Dollar (USD) prolongs its recent strong uptrend and advances to the highest level since late May in the wake of the Federal Reserve's (Fed) hawkish stance. In fact, comments from Fed Chair Jerome Powell on Wednesday forced investors to scale back their bets for a rate cut in September. This continues to act as a tailwind for the USD and caps the upside for the non-yielding Gold price. Hence, it will be prudent to wait for strong follow-through buying before confirming that the XAU/USD pair has formed a near-term bottom and positioning for any meaningful gains. Nevertheless, the commodity seems poised to register losses for the third consecutive week and remains at the mercy of the USD price dynamics heading into the weekend.
Xauusd signal sell 3360
Support 3345
Support 3331
Xauusd signal sell 3360
Support 3345
Support 3331
Trade active
Xauusd sell 50 pips running Trade closed: target reached
Xauusd sell 70 pips running Note
Xauusd sellNote
GOLD now sell 
Gold signal
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Gold signal
t.me/ProTrader_9
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t.me/ProTrader_9
My Channel Link
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Check My Performance
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.