XAUUSD reduces volatility to a low before NFP. The market is waiting for lower figures, which in the medium term may determine the medium-term fate of the market, as it has been in global flotation for several weeks.
Pay attention to the dollar index chart, a consolidation has been forming for the last two weeks due to uncertainty. The dollar index is holding the whole market in one place in the consolidation phase, a prolonged flat (consolidation) is forming in the whole forex market (major part of it)
Support levels: 1982.24, 1978.9, 1964.4
Resistance levels: 1997.48, 2008.7
I assume that before the news, volatility and flat condition will continue. On the background of news, the price may test the support before further growth (provided that bearish NFP data will be published..
Pay attention to the dollar index chart, a consolidation has been forming for the last two weeks due to uncertainty. The dollar index is holding the whole market in one place in the consolidation phase, a prolonged flat (consolidation) is forming in the whole forex market (major part of it)
Support levels: 1982.24, 1978.9, 1964.4
Resistance levels: 1997.48, 2008.7
I assume that before the news, volatility and flat condition will continue. On the background of news, the price may test the support before further growth (provided that bearish NFP data will be published..
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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.