Walid_Aboeldahab

Gold pays the price for the rise of the dollar

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The support that the US dollar received from the 110 barrier was reflected by resistance on gold's moves down from 1762.78

While the dollar index is trying to test and exceed 114, gold is testing 1680 in preparation for further decline

The state of risk aversion, with expectations of continued interest rate hikes, supports the dollar at the expense of gold
This week's data is very important in determining the movements of the coming period

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