XAUUSD - GOLD CURRENT SITUATION
#XAUUSD
According to our previous analysis of XAUUSS, GOLD went UP very fast in the previous weeks. Because of the NEGATIVE SENTIMENT against the dollar, US10Y went down due to this. Then I automatically bought GOLD.
But the last day all those INFLATION INDICATORS were NEGATIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
Anyway we expect that GOLD will go UP to 1960 LEVEL. Before that, GOLD may go down to the 1825 level with the FOMC UPDATE. Be careful..
According to our previous analysis of XAUUSS, GOLD went UP very fast in the previous weeks. Because of the NEGATIVE SENTIMENT against the dollar, US10Y went down due to this. Then I automatically bought GOLD.
But the last day all those INFLATION INDICATORS were NEGATIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
Anyway we expect that GOLD will go UP to 1960 LEVEL. Before that, GOLD may go down to the 1825 level with the FOMC UPDATE. Be careful..
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