Gold Weekly Analysis
Gold ranged at the beginning of the week, pushed bullish on Thursday then dropped over 800 pips on Friday. Weekly candle closed below weekly support and with a long top wick
USD CPI and FOMC on Wednesday
USD PPI on Thursday
USD Prelim UoM Consumer Sentiment on Friday
Big news this week for USD with CPI + USD interest rates on Wednesday. With Interest Rates forecast to remain at 5.50% this is bullish for USD which would see Gold continue its pull back from the highs
Comments