XAU/USD: Upside Potential Amid Support Test and USD News
Hello Everyone,
Regarding the current trajectory of XAU/USD, we anticipate a modest decrease followed by a potential upward movement. The expectation is that the support level on the 1-day chart, currently being tested, will either hold or be further clarified by the weekly chart. In any case, we foresee a continuation of the upward trend. It's crucial to monitor USD-related news this week as it is likely to exert a notable influence on market dynamics.
TradeWithTheTrend3344
Regarding the current trajectory of XAU/USD, we anticipate a modest decrease followed by a potential upward movement. The expectation is that the support level on the 1-day chart, currently being tested, will either hold or be further clarified by the weekly chart. In any case, we foresee a continuation of the upward trend. It's crucial to monitor USD-related news this week as it is likely to exert a notable influence on market dynamics.
TradeWithTheTrend3344