XAUUSD

Daily analysis and possible scenarios for Gold.

USD is not so strong as it seems.

America will deal with a recession soon, which means that gold may rocket. We as traders will have to comply with the right timing to enter longs.
However, before an official statement of FED and financial data release of US, market makers will definitely try to trap retail traders. It is highly probable
to sink the price once more. Keep an eye on news. But remember all new are old news!