This week the price of
XAUUSD
XAUUSD
made ATH and went down, as I predicted in my last weekly forecast. Clearly, gold prices are under downward pressure. The strength of the
DXY
often moves in the opposite direction to gold, making it less attractive when the dollar is strong. The recent false breakout of the resistance zone in gold price action, as well as the bearish RSI divergence, point to potential weakness in the future. However, it is important to keep an eye on market movements, as things can change quickly.
XAUUSD
XAUUSD made ATH and went down, as I predicted in my last weekly forecast. Clearly, gold prices are under downward pressure. The strength of the
DXY
often moves in the opposite direction to gold, making it less attractive when the dollar is strong. The recent false breakout of the resistance zone in gold price action, as well as the bearish RSI divergence, point to potential weakness in the future. However, it is important to keep an eye on market movements, as things can change quickly.