Monday 27 November 2023, Asian session, gold rose significantly until it touched 2018, making an increase of +$16 from the open price. after October prices failed to break above 2000. This early week we traded gold above 2000 (last time in May). It is not surprising that the movement of gold was predicted last week, when US data was not strong enough to strengthen...
XAUUSD is still showing a bullish with conditions currently bullish correction.
Market responded to the declining CPI and the FED's statement which tended to be half hawkish and dovish
The results of the FED meeting minutes this week are also stale because base on data after the FOMC showed a weakening dollar and depressing the 10 Y Treasury.
The psychological...
