FX.co ★ king.zelda | XAU/USD, GOLD

The situation with gold remains challenging for me, although nothing fundamentally changed since yesterday, as we continued to gradually rise and set new local highs. Overall, we still have an upward movement as the main trend. However, the short initiative is still in place, and lower targets can also be identified. On the other hand, the Americans once again failed as the dollar gained strength after good indices. It is important to monitor the dollar's performance next week, as there is a lot of various statistics, including non-farm payrolls, and the FOMC meeting. I am still leaning towards the short initiative, so if we break above 2375, I also consider selling.