XUUSD IDEA
The Fed chief's statements about possible rate cuts in the first half of the year are adding support to the metal.
Next week, traders' attention will be focused on US housing and industrial production data.
Support levels: 2700, 2697
Resistance levels: 2712, 2721
Global and local trend is bullish. Counter-trend correction is being formed. Technically, the correction may reach the zone of interest 2700 - 2697, from which we should expect a rebound, for example, to 2712, or even the recovery of the bullish trend.
Next week, traders' attention will be focused on US housing and industrial production data.
Support levels: 2700, 2697
Resistance levels: 2712, 2721
Global and local trend is bullish. Counter-trend correction is being formed. Technically, the correction may reach the zone of interest 2700 - 2697, from which we should expect a rebound, for example, to 2712, or even the recovery of the bullish trend.
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