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Gold Technical Analysis: Ignoring USD Strength

From dailyforex.com

The price of gold almost didn’t move at all at the beginning of this week’s trading, as the movement during yesterday's session ranged between $1775 an ounce and $1765. It settled around the $1772 level at the beginning of Tuesday’s trading, ahead of an important testimony of US Federal Reserve Governor Jerome Powell. The lack of an economic calendar of important announcements yesterday was a factor in this limited move. The US job numbers, which will be announced on Thursday instead of Friday, along with the daily numbers of new Covid-19 cases, will be the most exciting for markets. The yellow metal ignored the USD ... (full story)

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  • Category: Technical Analysis