Since 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...
Hello 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...
