As we expected before, gold reached the 1920 area, but it was not that strong that made gold return to above 2000, and here this dotted area became a resistance area after it was a support area.
After the rebound that occurred this week, we expect gold to continue its negativity, and we see that it will return to the 1877 region if interest rates continue to be raised by the Federal Reserve.
Of course, we must be aware that breaking the 1924 area upwards gives the possibility of a rise to the 1950 area, but it will return, as we expected, to 1877, so here it will be a strong buying area
After the rebound that occurred this week, we expect gold to continue its negativity, and we see that it will return to the 1877 region if interest rates continue to be raised by the Federal Reserve.
Of course, we must be aware that breaking the 1924 area upwards gives the possibility of a rise to the 1950 area, but it will return, as we expected, to 1877, so here it will be a strong buying area
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about XAUUSD
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about XAUUSD