Gold maintains its position and silently waits

מעודכן
World gold spot price stood around 1,924.8 USD/ounce, down 0.2 USD/ounce compared to last night. Gold prices increased slightly again after strong selling pressure this week. The gold market is still negatively affected by the monetary policy of the US Federal Reserve (Fed). During the week, the Fed decided to keep interest rates at 5.25 - 5.5%.
The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 105.5 points.
הערה
good luck everyone
הערה
XAUUSD is testing the upper boundary of the global descending resistance again at the end of last week. The retest occurs at the moment of strong news, but the key candlestick pattern is formed exactly at the moment of FED & FOMC speech, as a result of which the market determines the further prospect of strengthening the dollar and hence - the fall in the price of gold.
הערה
Gold has fallen into the technical indicator zone
הערה
Gold is still under selling pressure above 1,900 USD

new idea
הערה
Gold price drops silently waiting for price increase
הערה
Gold is in free fall
הערה
Gold continues to search for new bottoms
ForexGoldHarmonic PatternsTechnical IndicatorsintradaytradeoptionsstrategiespredictivesignalsTechnical AnalysisTrend AnalysisXAUUSD

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