Gold Weekly Chart Analysis
Weekly pushed up from rejection area and closed weak bearish, also respecting weekly support
Gold Daily Chart Analysis
Daily support zone around 1938-39 holding strong, forming a triple bottom with a neckline around 1978. Need to play this range until Gold breaks out and provides a clear direction
Main chart analysis is still bullish for gold
Fed Chair Powell testifies Wednesday and Thursday
USD Flash Manufacturing on Friday
Slow news week for Gold but may be impacted by the statements Jerome Powell makes when he testifies as he may hint at future plans for the US' monetary policy
Check out News This Week June 19th for scenarios
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