XAUUSD WEEKLY ANAYSIS
📈 Gold Market Analysis: Potential Retracement
Gold has been on a bearish trend over the past month, but the recent developments indicate a possible retracement. Notably, the DXY (US Dollar Index) has broken its structure to the downside and re-entered a range that dates back to August 30, 2023. This shift in the DXY suggests a change in the gold market. Keep an eye on potential retracement opportunities in the coming days. Stay vigilant and manage risk effectively. 📉🪙 #Gold #Forex #TradingView #MarketAnalysis
Gold has been on a bearish trend over the past month, but the recent developments indicate a possible retracement. Notably, the DXY (US Dollar Index) has broken its structure to the downside and re-entered a range that dates back to August 30, 2023. This shift in the DXY suggests a change in the gold market. Keep an eye on potential retracement opportunities in the coming days. Stay vigilant and manage risk effectively. 📉🪙 #Gold #Forex #TradingView #MarketAnalysis
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