Based on the latest insights from ForexFactory and the COT report framework, gold (XAU/USD) is poised to move higher in the days ahead, potentially testing levels near $3,200 if it sustains above $3,000-$2,990. Traders should watch this support zone and monitor upcoming economic data, including the USD’s reaction to FOMC developments, for confirmation. While risks exist, the weight of evidence points to an upward trend in the near term.
Whoelse is shorting this pair for now
Whoelse is shorting this pair for now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.