Weekly xauusd analysis

24 окт. 2021 г.

As you observed that FED and other bombastic events couldn't create a big difference in gold market. I closely observed the xauusd market. According to my point of view, Gold can maintain sideways pattern. Strong resistance area is 1950 and strong support area is 1690. The only reason that can increase gold rate is inflation. Some new reports shows that inflation can cause severe damage not only 3rd world countries but also big players as well.