GOLD XAUUSD

The trend line break in November is still valid, as we moved from a downtrend to an upward trend, albeit temporarily. We show this line on the chart, which makes it one of the most important support areas. Last week, gold fell against the dollar to 1784 points, and this area that we talked about as a support area, negativity in gold It is due to the strength of the US economic results, as the domestic general income improved and the dollar rose.
As for the expectation, we expect that there will be a large fluctuation in the region between 1800 - 1780, which makes the movement narrow and restricted due to the lack of news that moves the market unless a sudden statement about the Russian-Ukrainian war or other organizations that directly affect gold.