XAUUSD - GOLD CURRENT SITUATION
#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down.
The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored.
But since all the ECONOMIC INDICATORS were positive the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to 1739 LEVEL with the FOMC UPDATE. Be careful..
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down.
The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored.
But since all the ECONOMIC INDICATORS were positive the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to 1739 LEVEL with the FOMC UPDATE. Be careful..
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.