Don't MISS the GOLD Opportunity
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XAUUSD Technical Analysis:
On the Daily Chart, Gold is testing on 200 EMA, and the yellow-metal has never been closed above 200 EMA.
On the Hourly Chart, Gold has shown both ascending & descending channel, currently haven't passed it.
Gold is very likely to fall to the Point Of Control to retrace, which is 1773.20.
Bearish Volumes has dominated its Daily Chart, keeping its volume higher from Bullish Volumes, massively holding above 5 Volume MA.
XAUUSD Fundamental Analysis:
Joe Biden, America's President has done a well-managed work, more than 70% of Adult Americans have been vaccinated and at least a half of them have gotten their second shot.
DXY is running bullish on its Daily Chart.
Even Though the dollar inflation is likely to make Gold Bullish, it's still possible for gold to fall, at least to 1782 (Its hourly POI)
Note:
- This is my analysis, I don't recommend anybody to take buy or long position from my analysis.
Happy Trading Traders!!
XAUUSD Technical Analysis:
On the Daily Chart, Gold is testing on 200 EMA, and the yellow-metal has never been closed above 200 EMA.
On the Hourly Chart, Gold has shown both ascending & descending channel, currently haven't passed it.
Gold is very likely to fall to the Point Of Control to retrace, which is 1773.20.
Bearish Volumes has dominated its Daily Chart, keeping its volume higher from Bullish Volumes, massively holding above 5 Volume MA.
XAUUSD Fundamental Analysis:
Joe Biden, America's President has done a well-managed work, more than 70% of Adult Americans have been vaccinated and at least a half of them have gotten their second shot.
DXY is running bullish on its Daily Chart.
Even Though the dollar inflation is likely to make Gold Bullish, it's still possible for gold to fall, at least to 1782 (Its hourly POI)
Note:
- This is my analysis, I don't recommend anybody to take buy or long position from my analysis.
Happy Trading Traders!!
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