The U.S. dollar, as measured by the DXY index, traded nervously at the start of the new week, moving up and down around the flatline without making significant headway in either direction amid mixed U.S. Treasury yields.
For a complete overview of the U.S. dollar’s technical and fundamental outlook, request your complimentary Q1 trading forecast now!To gauge the potential market response to the data on key financial assets, traders should look at how the official results compare to consensus forecasts, paying particular attention to the trend in the core metrics.
For an extensive overview of gold’s medium-term prospects, which incorporate insights from fundamental and technical analysis, download our Q1 trading forecast now!) fell on Monday, but losses were limited, with the precious metal lacking strong directional conviction – a sign of market indecision. For more attractive trading setups to develop, resistance at $2.065 or support at $2.005 needs to give way.
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