Despite technical and fundamental indicators suggesting a medium-term resistance at $2032-$2038 area, Gold continues to react sharply to downward spikes in the US Dollar Index at NFP at last Friday however often yet exhibiting aggressive intraday movements without clear explanations .DX retrace back two times from 104.60 price action however this point is the cluster of resistances of MAY & JUNE 2023 cycle ,on higher time frame DX is on bullish pattern.
The NFP numbers beat expectations on Friday, Gold easily broke the Ascending Channel that began on 24-01-24.I am expecting $2000 bottom line still valid.
The NFP numbers beat expectations on Friday, Gold easily broke the Ascending Channel that began on 24-01-24.I am expecting $2000 bottom line still valid.
