benny_marshall

XAUUSD - GOLD CURRENT SITUATION

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

According to the analysis given to XAUUSS earlier, GOLD went down very fast, BREAKING the TREND LINE because the US INFLATION DATA was UP. Due to this, US10Y went up a lot. And US RETAIL SALES DATA also rose rapidly. It also affected GOLD especially last week. So GOLD sold fast. And the FOMC also pushed GOLD to the lower MINOR SUPPORT LEVEL .

We have some very important NEWS coming to USD this week. PCE DATA is key to that. So we have to wait a bit until we get them.

Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1647 LEVEL. After that, GOLD can definitely go up to 1744 LEVEL. Be careful..

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