Gold prices experienced a rally after the US dollar index weakened. Strengthening is still expected and a test of $2,000 will be expected soon. Translators who acquired this position when the browser tested support may maintain that position at this time. However, if the gold price does not create a higher swing point and falls to create a lower swing point, a downtrend will occur.
That's right, gold prices are looking for a cooling-off period as the advisor takes more importance on the Fed's decisions and waits for other information.
Previously, Gold changed its cycle of increasing and decreasing continuously because of the war and the Fed, leading to investors losing confidence in technical analysis.