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Nov 6, 2023 10:22 AM

XAUUSD D1 - Long Signal Long

Gold/U.S. DollarFXCM

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XAUUSD D1

As previously highlighted in our analysis posts, with the recent weakening of the US dollar, we anticipate upward momentum for ***USD. While a brief dollar relief rally is plausible, all signs currently point to an upward trajectory for XAUUSD. Our analysis combines both technical and fundamental/risk assessments. We are on the lookout for an opportunity to enter the market during a potential pullback, with price targets set at $2,000, $2,015, and ultimately $2,050 per ounce.
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