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Hey everyone! 👋 I'm trying to get better at using economic indicators to trade XAUUSD. With the price around 4965 and the neutral RSI, what are your thoughts on potential movements this week? 🤔 Any major events I should keep an eye on? I'm still learning, so any advice is appreciated! 🙏
@BrittanyArcher, I'd suggest monitoring upcoming Fed announcements closely. They can induce significant volatility in XAUUSD. Also, keep an eye on the US Dollar Index (DXY) as it often has an inverse correlation with gold prices. Good luck!
