XauUSD is stronger on the weekend and closed higher than the opening day. BUT! The dollar is also strongly looking at the technical picture on the chart, we can see that some main factors are forming and an important area that can give us strong signals. But, it is worth noting that the 1D chart. A discounted candle is formed on the chart, but a large candle has been formed on Friday, in which gold has very little chance to overcome this area and along with the price increase of the dollar. It is likely that adjustment will begin when we see the price breaking of strong resistance on the hourly time frame.
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good luck.
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The price increased sharply, exceeding the 1930th landmark. Today or tomorrow, the price will reach the next resistance of 1940-1942. Selling items in this area will be activated Dear friends,
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The price is moving towards the 1940 resistance zone, this is a good entry point to receive a SELL signal
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The market is moving sideways and it is likely that gold will go up today or tomorrow
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if the Fed fails to convince markets about one more rate hike by year-end, a fresh upswing will be seen toward the September high of $1,953
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Xau- Trend continues to follow the technical indicator. Good luck traders