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XAUUSD ANALYSIS, GOLD DATA, GOLD NFP WEEKSince last 48 days gold is trending under a closed range of 2063-2010 -$50 range which covers whole month data , geopolitical tensions and FOMC Interest rate decisions. XAUUSD showing no much interest since long , previous high was taken on 4th Dec 2148 and in same month on 13th Dec 2023 took previous low of 1973 post which a major movement is missing. this week again NFP data and FOMC will be released. I am expecting movement in range 2000-1950|| 2070-2100-2150. Support and resistance levels will be changed according to the technical analysis which will be shared on Friday this week.
OANDA:XAUUSD
by sagaahhelite
XAUUSDHello dear traders. Gold has given mixed signals. In my opinion it is still under bearish pressure but with lack of strong downtrend momentum right now. 10Y and 30Y yields and DXY are green, so this has already pushed prices down fomr the multiple times checked 1670 level. 1670 was great for 50 pips sell. On the other hand there is the 4H ascending trendline and at the moment while price lies at the support. It could easily bounce back up. But, my blue arrows indicate a weakness to form higher highs. In conjuction with long spike bullish candles, I see that insitutions have not initiated their real direction. They do scalp and they do close their profits in a short period of time. We can go long from 1660 to 1668-1670 with SL below the last support or we may enter long even better after the break & retest of the resistance level. Try to avoid trading during today's high impact news of USA. Keep an eye of this data to be released, in order to decide which will be the most logical direction. Otherwise, If the support is broken, we go short accordingly. GL!!
BLACKBULL:XAUUSD
by The_Forex_Path