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htasviri
Jan 16, 2022 8:23 PM

XAUUSD  Short

Gold/U.S. DollarFXCM

Description

According to the analysis I presented earlier, we expect the price of gold to fall. Technically, the $ 1829 resistance was in line with the second weekly resistance level. In fundamental terms, we will see an increase in US interest rates in two weeks, which will obviously intensify the gold fall. It is possible that the price will reach 1686 in the medium term. Of course, the number of purchase orders in the market is high and we did not see a good fall last week. As soon as buyers are expelled from the market, the movement will be faster.
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