XAUUSD

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XAUUSD

For ONS Gold This week, we expect the Dollar index to rise and Gold to retreat to 1995. It needs to get approval for an upward movement from here. While ONS gets this approval, DXY should start selling after the upward reaction of 103,150, and ONS should rise to the 2040 region. Technically, we are following the 2013 - 2021 region, which is currently supported by the 34-period exponential moving average (2014). If upward pricing continues, 2038 and 2050 If the 2013 - 2021 region is tested, pricing towards the 2003 and 1993 levels can be observed. Support: 2021-2013 Resistance: 2038-2050