XAUUSD Weekly Fundamental and Technical Analysis
GOLD Weekly Analysis
US10 Years Govt Bond rates is around 1.60 levels and there was a inverse relationship especially since 2 weeks.
Rates were increasing and gold price was decreasing. However, as of today gold and sılver started to increasing .
As can be seen on the weekly trendline 1776 was the touch point on the trend and 1765 was the 50 weeks mean price.
It showed us that the gold took the support from the weekly line and from the mean for 50 weeks which can be seen as red label on the graph.
My analysis is that with the increasing inflation and with the stabilized interest rates gold could see higher levels. Maybe new highs.
There are 2 important resistence levels.
1st one is 1761
2nd one is 1845
We can see some correlations from these 2 main resistance however my expectation is to break them and around the September-October we can see new highs.
US10 Years Govt Bond rates is around 1.60 levels and there was a inverse relationship especially since 2 weeks.
Rates were increasing and gold price was decreasing. However, as of today gold and sılver started to increasing .
As can be seen on the weekly trendline 1776 was the touch point on the trend and 1765 was the 50 weeks mean price.
It showed us that the gold took the support from the weekly line and from the mean for 50 weeks which can be seen as red label on the graph.
My analysis is that with the increasing inflation and with the stabilized interest rates gold could see higher levels. Maybe new highs.
There are 2 important resistence levels.
1st one is 1761
2nd one is 1845
We can see some correlations from these 2 main resistance however my expectation is to break them and around the September-October we can see new highs.
Trade closed: target reached:
We found the lowest price of gold!