Traders are now waiting to see if the decline in the dollar will be sustained, or just another blip before more upward movement. The factors that boosted the greenback- elevated inflation and a hawkish Federal Reserve- are still in play.
As long as the GOLD price stays above 1650 on a four-hourly basis, we will see the main level at 1667. On the other hand, if the price moves down 1650, the next level will be at 1638.
29 Sep 22 (Thu)
01:27 pm