#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast by BREAKING the TREND LINE. Due to this US10Y went down. The main reasons for that were the REPUBLICANS winning, and US CPI DATA being NEGATIVE.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, with LABOR DATA DOWN, GOLD is going up slightly due to US10Y DOWN. Anyway, we expect that GOLD will go up to 1818 LEVEL. After that, it may go down to 1700 LEVEL with the FOMC UPDATE. Be careful..
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast by BREAKING the TREND LINE. Due to this US10Y went down. The main reasons for that were the REPUBLICANS winning, and US CPI DATA being NEGATIVE.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, with LABOR DATA DOWN, GOLD is going up slightly due to US10Y DOWN. Anyway, we expect that GOLD will go up to 1818 LEVEL. After that, it may go down to 1700 LEVEL with the FOMC UPDATE. Be careful..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.