XAUUSD daily timeframe Golden cross

XAUUSD daily timeframe is a significant technical indicator that can suggest a potential bullish trend reversal.
XAUUSD / XAUUSD / XAUUSD
Golden Cross: Moving Averages: Use moving averages (e.g., 50-day and 200-day) to assess the strength and direction of the trend.


Market Sentiment:

COT Report: Review the Commitments of Traders (COT) report to gauge the positioning of commercial and speculative traders in the futures market.

Market News: Stay updated with news related to gold, the USD, and global economic events that could influence market sentiment.


#Fundamental Analysis:

Economic Indicators: Monitor economic data that can influence the price of gold, such as inflation rates, interest rates, and GDP growth.

Geopolitical Events: Keep an eye on geopolitical developments that might impact the demand for gold as a safe-haven asset.

US Dollar Strength: Assess the overall strength of the USD as it plays a significant role in the XAU/USD pair.

Central Bank Policies: Analyze the policies of major central banks, such as the Federal Reserve, which can impact interest rates and, subsequently, the price of gold.

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Weekly Time frame resistence zone