Gold has a support at 1911 area, and resistance at1980.
When to see Gold is heading higher?
If the #DXY would fall again from 105 level to 101 level in the next few weeks
and #US10y is falling from 4.3 to 3.8 level also.
When to see #GOLD falling?
If the demand for the dollar continues and the yield continues to rise.
How will the #FEDS meeting effect...
Dollar Index fell 570 pips , need to retrace 260 pips then fall 600 pips to 97.00 level.
Strong sell in the DXY sent EUR and GBP sky rocketing as well as free fall in USDJPY and USDCAD
This is over for now, and retracement is needed.
#DXY under pressure and needs to retrace.