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XAUUSD: key point conversion

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FX:XAUUSD   Spot Altın/ABD Doları

Gold is currently limited to support around 1955. If the dollar rises in five waves at the beginning of the week, then 1955 will definitely not be able to hold. Then we have to look at the support position below 1940.



However, if gold falls before the interest rate decision, then gold will attack after the decision. For us, this is the best trend.



On the contrary, if gold stands above 1975 in the first three days of the week, there is a high probability that it will dive after the interest rate decision.


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