Gold under pressure from macroeconomic data


XAUUSD

Gold has been consolidating in a rather narrow range, waiting for a signal that will push the price in one direction. This financial instrument has changed over the last year as the signals look a bit different from last year. Of course, as shown in the picture below, I assume a further increase in the asset, but if the support breaks at 1790, I will change my attitude. I have marked the most important figures today under the image. Due to the fact that the expectations are not very different from the previous readings, it may not have a big impact on the price, but at the same time set a slow direction. If today's reading differs significantly from forecasts, the price will fluctuate significantly.

gold

Macro

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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