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Jan 27, 2023 3:56 PM

Gold - Weekly Resistance  

GOLD (US$/OZ)TVC

Description

Gold could be signaling a hawkish Fed next week.

If Gold puts in a weekly reversal, it could mean a bullish week for the DXY next week.

Bearish on equities if this happens.

Comment

Gold did not put in a weekly topping tail as it rallied off the intra day lows clearly showing strength. However Gold did put in a weekly Doji candle which does show distribution is occurring.
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