Gold moves sideways with unclear developments

ConanForex Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Dear traders! Gold's consolidation continues to build and gain some positive traction on the first day of the new week and partially reverse Friday's post-NFP decline to the $2,287-$2,286 area, or above lowest in a month. However, gains remain limited due to the strengthening US dollar, which tends to weaken demand for USD-denominated goods.

In the short term, gold will continue to move sideways when the Bollinger bands are narrowing and there are unclear moves. Personally, I am still waiting for a clear breakout move from the chart. It is expected that gold may drop to about 2,250 USD. What is your view? Do you share the same opinion?
Trade active

🌟 Don't miss the opportunity to receive CONTINUOUS trading signals and FREE support!
🌟 Always update market information and knowledge every day!
🌟 Join now to receive special offers!

Click here:

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.