Weekly Gold chart
Bullish market structure
Strong bearish closure below last support
Daily Gold chart
Daily formed support and pushed out of weekly rejection area
Look for Monthly candle flipping bullish and potentially retesting highs, 3 days of high impact news this week
Tuesday's USD PMI's release is anticipated to be mixed numbers again
Thursday USD Prelim GDP is forecast to be lower than the previous month which would be bullish for Gold
Fridays USD Core PCE Price Index is forecast to be the same as last month at 0.3% which FEDs use a measure of inflation. Lower numbers could eventually lead to the decreasing/slowing of interest rate hikes = bearish dollar
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