XAUUSD technical analysis
XAUUSD is at key levels, range in h4.
Breakout of the support will set the price to go at 1.800
Rejection from support will set the price to go to 1890/1900.
At the fundamental part, DXY broke the bearish trend and is going up.
US recorded the lowest levels of CV-19 infections.
US economy had recorded a slowdown
Joe Biden's plan for a $1.9 trillion stimulus plan devalues the Dolar in the long run.
In my opinion, the dollar is going up on the anticipation for the stimulus plan and the covid crisis administration.
Dolar up - XAUUSD down
Dolar down- XAUUSD up
Breakout of the support will set the price to go at 1.800
Rejection from support will set the price to go to 1890/1900.
At the fundamental part, DXY broke the bearish trend and is going up.
US recorded the lowest levels of CV-19 infections.
US economy had recorded a slowdown
Joe Biden's plan for a $1.9 trillion stimulus plan devalues the Dolar in the long run.
In my opinion, the dollar is going up on the anticipation for the stimulus plan and the covid crisis administration.
Dolar up - XAUUSD down
Dolar down- XAUUSD up
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