Gold ! short broke the support

On Friday, gold decreased in price from 1755. Gold closed at 1734. Next week, traders must be curious how market is going be between 1716-1711. If price breaks through the support line, it may go down till 1680-1677. Powell released news on interest rate - if it is necessary, they will increase the interest rate. Because of the news, DXY increased and XXX/USD decreased.
Chart PatternsGoldgoldanalysisgoldtradingTechnical IndicatorssupportandresistancezonesTrend AnalysisTrend Line BreakXAUUSDxauusdanalysisxauusdlongxauusdshort

Also on:

Related publications

Disclaimer