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Weekly Forex Analysis Dec 5 – Dec 9, 2022 – DXY Still in Trouble and Gold Key Zone

December 5, 2022 | 5:10 pm | The 5%ers' Blog > Trading Room
December 5, 2022 | 5:10 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis Dec 5 - Dec 9, 2022 – DXY Still in Trouble and Gold Key Zone

Gold has reached a key zone for 2 years now

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In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.

 

In today’s trading room, we discussed about the Dollar currency and analyzed deeper the last movement in the DXY.

The DXY keeps losing value, 7% from November already, and is not showing any strength.

Regarding Gold, the market reached again $1,800, which was a key zone for 2 years now. The market can provide some rejection after the long rally we had in October.

 

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