Outlook on Gold

11 févr. 2023

By examining the chart, it is evident that the SSL resting at last week's low has been taken out as the price has also entered a previous +OB from the daily chart, which is also a weekly FVG. There may be a potential reaction in this area in the coming week, potentially causing the price to rally and close the gap created above. However, we need to closely monitor the situation, particularly in relation to the DXY next week, before we can make a proper assessment of where the price is likely to trade.