FX.co ★ king.zelda | XAU/USD, GOLD

GOLD / Золото / XAUUSD. Once again we didn’t get the desired decline in gold, although there seemed to be an attempt, but so far it hasn’t been successful, and on the eve of the release of important statistical data, I still expect a decline in gold. All the more so since yesterday buyers confirmed another short break at the level of 4114.17, from which we can now expect a downward move, even from the current price. In this case, however, it’s best to place the stop at the upper band of the BB indicator at 4100.00 and aim for the support area around 3500.00. And it’s precisely today that gold may well drop quite nicely, and apparently they’ve accumulated enough ambitious gold buyers, which means we have every chance to see a decline. Who knows, maybe the news will strengthen the dollar, which lately hasn’t been letting gold quotes reach even the nearest highs that gold buyers are so blindly counting on.