XAUUSD is recovering from weekly lows of 4840 and testing strong resistance at 4944, which is holding back growth ahead of the news. The market is awaiting the publication of the minutes of the January FOMC meeting
The FOMC minutes will provide clues about the timing and scale of rate cuts. The market is still pricing in a ~60 bp cut this year.
The recent CPI report gives positive hope for a dovish tone from the regulator.
The lack of progress in the US-Iran and Russia-US-Ukraine negotiations supports demand for gold as a defensive asset. However, the strengthening of the dollar amid portfolio rebalancing limits gold's growth
Technically, the intermediate trading range of 4944-4856 has been confirmed. A retest of support could form a rebound and bring the price to a retest of 4944, which would only increase the chances of a breakout. If gold can close above 4944, the market will have a chance for a local rally to 5000.
Resistance levels: 4944, 4990, 5090
Support levels: 4906, 4877, 4956
Two key levels: 4877 - 4944. A retest of support will provide an opportunity for strengthening towards resistance, but a breakout of the 4944 level will confirm the end of the correction and allow the market to break out of the downward resistance and trigger growth towards 5K, provided that the fundamental background takes on a positive tone.
Sincerely, R. Linda!
Trade ativo
Trade fechado: objetivo atingido
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.