Gold demonstrated resilience in both the weekly and daily charts for the second consecutive week.
U.S. dollar Index (DXY) dropped below major demand zones.
Euro bounced back following the release of the US jobs data.
The US dollar/ JPY drops below major demand zone and consolidates around 142.062.
GBP/ US dollar breaks out at major supply zone.
Our weekly analysis is based on a robust supply and demand system incorporating historical data and identifying crucial levels and future trends ahead of price action.
[caption id=”attachment_17275″ align=”alignnone” width=”300″] gold 162 ema 10 07 2023 , 7 19 10 AM[/caption]