Will gold be going up? Let's take a look at this analysis.

After a liquidity sweep and touching the previous daily high, gold is exhibiting a notable reaction on the H1 chart. An economic announcement is imminent within a few hours and is expected to influence the market.

You can check my entry in the lower time frame :

Comment:

As I mentioned, a significant volume has been created below the breaker block, making it challenging to access a substantial amount of money.

Today is a special day, with many economic announcements expected, including Powell's (🇺🇸 Housing Sales and Powell's Speech). Market trends should be monitored.

Comment:

If we break the high volume, we are good to go. DXY gives us a good signal.