benny_marshall

XAUUSD - HOW DOES GOLD REACT USD HIGH IMPACT NEWS?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
#XAUUSD

According to the analysis we gave to XAUUSS earlier, the TREND LINE is BREAKING and going down about 190 PIPS. We hope you get it.

We have some very important NEWS coming to USD this week. So we have to wait a bit until we get them. The reason is that in this week, some very important DATA such as MANUFACTURING DATA, LABOR DATA etc. should be received. They can definitely have a very positive effect on GOLD.

Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1671 LEVEL. Before that, you can definitely go to 1744 LEVEL GOLD. 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.