Friday : 6 Feb - 2025 {XAU-USD} Fundamental&Technical Analysis
Globally :
-Gold prices declined during Thursday’s trading as the U.S. dollar strengthened ahead of the Non-Farm Payrolls report.
- This drop halted a five-session winning streak that had pushed gold to all-time highs, amid rising concerns over a potential trade war between the U.S. and China.
- Due to investors’ concerns and fears about Trump’s monetary policy between nations. this emotions feed gold very much
Current Sentiment :
- 59 of the forex traders are currently going short with XAU/USD, with an average price of 2629.9814, meanwhile 41 of the forex traders are going long with XAU/USD, with an average price of 2737.0888.
Technically :
Price pulled back from OTE Levels Respected Previous day's Orderblock Still Wednesday High easy to sweep cause below wednesday high is low resistance liquidity
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