XAUUSD
The upcoming week will be news rich. I don't think there will be any focal news this week that can change the trend in gold, but it would be a mistake to ignore it. Again, there is no strong correlation with the dollar right now as gold has a higher interest and strong fundamentals, which is a huge bullish lever, but a local correction or consolidation in the near term news could form
From a technical analysis perspective:
Gold closes Friday in its price highs, which suggests that the realization of the previously accumulated potential will continue, and the interest that is increasing day by day will only push the price up. I think that by the end of the year the price is able to test the area of 2075. But first we have 2010, 2015, 2025 and 2050 on the way. Monday may open with a gap, but after stabilization the upward movement will continue ..
NOTE:::Most likely, either 2004 or 2002 may be followed by a retest on Monday. then growth will continue.
The upcoming week will be news rich. I don't think there will be any focal news this week that can change the trend in gold, but it would be a mistake to ignore it. Again, there is no strong correlation with the dollar right now as gold has a higher interest and strong fundamentals, which is a huge bullish lever, but a local correction or consolidation in the near term news could form
From a technical analysis perspective:
Gold closes Friday in its price highs, which suggests that the realization of the previously accumulated potential will continue, and the interest that is increasing day by day will only push the price up. I think that by the end of the year the price is able to test the area of 2075. But first we have 2010, 2015, 2025 and 2050 on the way. Monday may open with a gap, but after stabilization the upward movement will continue ..
NOTE:::Most likely, either 2004 or 2002 may be followed by a retest on Monday. then growth will continue.
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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.