XAUUSD: Where is the most beautiful selling position?

Technical analysis

• The support and resistance levels are performing effectively, and at 1955, a robust resistance zone has been established. With the goal of continuing to decrease to the 192x region, Gold is required to increase slightly to create liquidity. SMA is forming a continuous decline in wave cycle.
  

Update new news situation

• The US Dollar is expected to remain strong due to optimism surrounding the US debt deal and the Federal Reserve's hawkish stance. There may be a slight dip from the two-month highs, but this is expected due to end-of-the-week flows. The United States Core PCE Price Index data, which is the Federal Reserve's preferred inflation gauge, is also set to be released soon. The annual Core PCE figure for April is expected to remain the same as March, increasing by 4.6%.
  

Predict continues the downtrend!

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