Gold after hitting the High of $2087.98 is anticipated to retest the next significant level support 2065 with an attempt to pick liquidity and further driving up to test the all-time high of $2145 is on the card this week.
DXY at the close of last week represent a probability of the dollar index declining to the next key level of 102.5 which could give GOLD the upper hand to drive up.
The week's USD fundamentals such as the Jolts Job Opening, Powell's testimony and NFP are very important, and the outcomes will significantly determine the price of GOLD. Thus it is worth keeping an eye on.
Support: 2064
Resistance 1: 2082.5
Resistance 2: 2145
DXY at the close of last week represent a probability of the dollar index declining to the next key level of 102.5 which could give GOLD the upper hand to drive up.
The week's USD fundamentals such as the Jolts Job Opening, Powell's testimony and NFP are very important, and the outcomes will significantly determine the price of GOLD. Thus it is worth keeping an eye on.
Support: 2064
Resistance 1: 2082.5
Resistance 2: 2145