XAUUSD - GOLD CURRENT SITUATION
⛔️ US10Y is currently slightly down to 2.91% LEVEL. It was a little CORRECTION just like we thought. The POSITIVE SENTIMENT for USD has also been very positive for DXY in the past. The POWER of USD is still very strong in GOLD. Now DXY UP has been very fast for the last few days. We look forward to hearing from DXY. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. DXY is currently down a bit with the MARKET RISK ON. Also when we look at the DXY it has moved up to the DXY 104.575 LEVEL.
⛔️ GOLD PRICE is currently moving below DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS but another WAVE can DOWN under the influence of DOLLAR. So now GOLD can be SELL before UP.
⛔️ The OVERALL MARKET is currently RISK ON on Friday. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
⛔️ GOLD PRICE can be DOWN again before UP. So GOLD can go back to 1765 LEVEL. After that you can definitely go up to GOLD price 1966 LEVEL. If the RESISTANCE LINE is BREAK, GOLD can travel up to 1966 with a DXY or US10Y CORRECTION.
⛔️ However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
⛔️ GOLD PRICE is currently moving below DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS but another WAVE can DOWN under the influence of DOLLAR. So now GOLD can be SELL before UP.
⛔️ The OVERALL MARKET is currently RISK ON on Friday. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
⛔️ GOLD PRICE can be DOWN again before UP. So GOLD can go back to 1765 LEVEL. After that you can definitely go up to GOLD price 1966 LEVEL. If the RESISTANCE LINE is BREAK, GOLD can travel up to 1966 with a DXY or US10Y CORRECTION.
⛔️ However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
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