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XAUUSD Technical Analysis

On the daily chart below for XAUUSD, we can see that after some consolidation around the $2000 level, the price started to rally as the US Job Openings missed expectations. The market is sensitive to economic data that points to a recession and a deteriorating labour market is generally the last shoe to drop. The Fed has also signalled a possible pause if the data keeps softening, but they may do more if it doesn’t. So, they are completely data dependent. This latest rally extended all the way u... Read More

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Xauusd

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Posted: May 5 2023, 07:58

Author Name: forexlive

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