MrCaptainFx

XAUUSD ANALYSIS

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FOREXCOM:XAUUSD   Vàng / Đô la Mỹ
Hello traders,what do you think about GOLD? Goldreached the ceiling of the channel and the resistancezone of 2200 with its continuous growth. It isexpected that we will have a downward correction tothe specified levels.

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CPI data was higher than expected, we expect thedollar to strengthen and gold to fall



About 300 pips fell from the analyzed level



The price can have a pullback to the 2180 zone andthen enter the falling phase



After the pullback to the 2180 zone, it has droppedabout 110 pips so far



The US data was released today in favor of the DXY.In the continuation of the expectation of furtherstrengthening of the DXY and the fall of gold to thespecified targets.

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