XAU/USD GOLD: IDEA
Here is an analysis on Gold
Currently @ $1767
We expect gold to be bullish but short term bearish
The pair might fall back to $1750 before continuing its bull-run or might reverse at the current price
Do note that the pair is trading at support/resistance level.
If it treats this level as support then the pair will head back to $1780 & attempt to hit $1800
Note FOMC report is going to be released today.
Keep an eye on US10Y
link to previous analysis below
Currently @ $1767
We expect gold to be bullish but short term bearish
The pair might fall back to $1750 before continuing its bull-run or might reverse at the current price
Do note that the pair is trading at support/resistance level.
If it treats this level as support then the pair will head back to $1780 & attempt to hit $1800
Note FOMC report is going to be released today.
Keep an eye on US10Y
link to previous analysis below
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