Hey Trader,
Check this analysis out on XAUUSD.
The pair is in a bullish / ascending channel, and seeing the Yellow metal breakout of the bearish trendline, making a good retests back to the previous demand due to NFP release. It is expedient that Gold make a new run towards $2,022.
With expectation of seeing more downside movement on DXY it could help bounce Gold towards the $2,050
Keep a close tab on Gold.
Check this analysis out on XAUUSD.
The pair is in a bullish / ascending channel, and seeing the Yellow metal breakout of the bearish trendline, making a good retests back to the previous demand due to NFP release. It is expedient that Gold make a new run towards $2,022.
With expectation of seeing more downside movement on DXY it could help bounce Gold towards the $2,050
Keep a close tab on Gold.
