Gold (XAUUSD) is unfolding more down to find data for Reversal
Trend: Down
Support 1: 1724.20
Support 2: 1722.20
Support 3: 1718.80
Resistance 1: 1729.60
Resistance 2: 1733.00
Resistance 3: 1735.00
Since Jan-06-21 yellow metal bounced back from the top 1956.67 and continuously falling in one by one trading sessions. US Index is getting strength and we are expecting more strength due to upcoming fundamentals of ISM Manufacturing PMI (Feb) and ADP Nonfarm Employment Change (Feb).
Upcoming Weekend vibes of USD is also very interested for traders and it will also create very high impact on upcoming trading week following by NFP and US Annual Budget.
Support 1: 1724.20
Support 2: 1722.20
Support 3: 1718.80
Resistance 1: 1729.60
Resistance 2: 1733.00
Resistance 3: 1735.00
Since Jan-06-21 yellow metal bounced back from the top 1956.67 and continuously falling in one by one trading sessions. US Index is getting strength and we are expecting more strength due to upcoming fundamentals of ISM Manufacturing PMI (Feb) and ADP Nonfarm Employment Change (Feb).
Upcoming Weekend vibes of USD is also very interested for traders and it will also create very high impact on upcoming trading week following by NFP and US Annual Budget.
