👑 Ideas For XAUUSD / GOLD
📈 GOLD → How will the news affect the price?
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#XAUUSD is forming a strong bullish trend, but there are some preconditions on the chart, which in tandem with the news can form an unexpected scenario
📈 GOLD → How will the news affect the price?
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#XAUUSD is forming a strong bullish trend, but there are some preconditions on the chart, which in tandem with the news can form an unexpected scenario
![snapshot](https://static.tildacdn.com/tild3730-6132-4435-b833-376539393864/image.png)
Today is the last strong news of the year. Namely, at 13:30 GMT Initial Jobless Claims will be published. (rlinda. com) Overall, analysts are expecting 210K relative to the previous 205K. This is bad data. But a big role is played by the actual data relative to the expected data.
• If the data will be higher than expected 210K, the dollar may break the local support and continue its decline, which will strengthen the gold.
• If the data will be lower than expected 210K, then gold will catch a bearish wave on the back of dollar strength.
• If the data will be higher than expected 210K, the dollar may break the local support and continue its decline, which will strengthen the gold.
• If the data will be lower than expected 210K, then gold will catch a bearish wave on the back of dollar strength.
Technically, we have a bullish trend, with strong support and liquidity area forming in the 2075 - 2069 area
• On positive news for XAU the price may test this area and after a false breakdown head upwards.
• But negative news for XAU will break this area and could send the gold price to 2050 - 2047
• On positive news for XAU the price may test this area and after a false breakdown head upwards.
• But negative news for XAU will break this area and could send the gold price to 2050 - 2047
Support levels: 2075, 2069.3, rising line
Resistance levels: 2080, 2088, 2100.
Technically, gold is ready to continue to grow and this will continue in the medium and long term, (rlinda. com) but locally, the news can unpredictably affect the price
Resistance levels: 2080, 2088, 2100.
Technically, gold is ready to continue to grow and this will continue in the medium and long term, (rlinda. com) but locally, the news can unpredictably affect the price