Gold has printed a major Bearish candle on Friday last week after a continuous Bull run for five consecutive weeks. It’s currently bouncing off a major psychological area around 3000. If it manages to rally up into the area above 3100, it may find a lot of unfilled SELL orders between 3115 and 3170. Depending on the number of Buyers around 3000, we shall need to see if the Buyers can protect the 3000 mark or if the shiny metal manages to breach below this mark during this week staring on 7th April 2025. it’s too early to predict any change of direction.
US DOLLAR INDEX WEEK 15 YEAR 2025