“The Fed expectations and the dollar’s price action will continue to have a significant impact on XAUUSD amid the Fed’s ‘blackout’ period and a lack of first-tier. Incoming Russia-Ukraine headlines will be eyed after Ukrainian President Volodymyr Zelenskyy met with US Secretary of State Blinken and Defense Secretary Austin on Sunday.”
“Any recovery attempts are likely to meet the initial supply at the 50-Daily Moving Averages of $1,937, above which recapturing the 21-DMA at $1,943 will be critical for the additional upside. The $1,950 psychological level will be the level to beat for gold bulls.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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