Strifor || XAUUSD-07/31/2023

Preferred direction: SELL
Comment: The upcoming week is rich in macroeconomic data, especially on the labor market. The dollar is strengthening locally and against the background of this strengthening, the metals are under pressure. If growth can be assumed for major currencies, especially in the short term, but for metals, it is not necessary to think so for now. It is assumed that gold will roll back to the support of 1938.915, where it already has a base for potential growth.

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