XAUUSD Prediction for the near future
From a fundamental perspective:
This week, US data cooled a bit which was good for the fed even if the dollar suffered from it.
Today, on the Retail Sales Data gold market got manipulated but gave us a good entry point to see a further rally.
On the technical side,
gold correction gave a good signal for a future rally:
-1h: upward trend
-4h: demand zone
-D: retracement on the 50% fib
This week, US data cooled a bit which was good for the fed even if the dollar suffered from it.
Today, on the Retail Sales Data gold market got manipulated but gave us a good entry point to see a further rally.
On the technical side,
gold correction gave a good signal for a future rally:
-1h: upward trend
-4h: demand zone
-D: retracement on the 50% fib
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