Gold --> Interest in this metal is growing
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XAUUSD On the basis of support from the dollar correction and the local maximum update. The liquidity is decreasing and Friday in the US also plays an important role in the market...On H1, gold holds within the boundaries of a local bullish channel on the basis of a weak dollar, mainly due to the inflation regime... In addition, the dovish sentiment from the Fed regarding interest rate policies continues to support gold prices, however, this is not a topic of interest at the moment.
On the other hand, buyers' attention is shifting to the policies of the new US administration, which may impact the economies, causing central banks to increase their gold reserves. This may spur a sharp increase in central banks' gold trading.
So, since we have a bullish run, an ascending channel and strong fundamentals, in this case, it is reasonable to consider buying only, which can only be done from around the support area (FVG) and a breakout of the resistance level. The expected gold price increase is 2678 and 2694 is getting closer :)
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