XAUUSD AT STRONG SUPPORT ZONE: Feds Drives Dollar Higher
On the fundamentals that were released on the last day, we saw ADP Non-Farm Employment Change (Oct) beat consensus by 44K and the previous by 47K
Positive Crude Oil Inventory release and the well anticipated Interest Rate Decision increase. FOMC Press Conference drove the dollar even higher.
More fundamentals to follow with an early indication from during the week of how we can expect this week to end like.
XAUUSD on a strong support. Can we expect a bounce to the upside?
Price broke previous immediate structure to the downside engulfing the HLs that were formed during the week.
Expecting to see price retest the structure breakout and continue going down breaking the strong support to possible low levels 1550.00 - 1450.00 in the following weeks to come.
Positive Crude Oil Inventory release and the well anticipated Interest Rate Decision increase. FOMC Press Conference drove the dollar even higher.
More fundamentals to follow with an early indication from during the week of how we can expect this week to end like.
XAUUSD on a strong support. Can we expect a bounce to the upside?
Price broke previous immediate structure to the downside engulfing the HLs that were formed during the week.
Expecting to see price retest the structure breakout and continue going down breaking the strong support to possible low levels 1550.00 - 1450.00 in the following weeks to come.
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